The First Bancshares, Inc. (FBMS) 10-Q 9 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Aug. 02, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	000-22507
Entity Registrant Name	THE FIRST BANCSHARES, INC.
Entity Incorporation, State or Country Code	MS
Entity Tax Identification Number	64-0862173
Entity Address, Address Line One	6480 U.S. Highway 98 West, Suite A
Entity Address, City or Town	Hattiesburg
Entity Address, State or Province	MS
Entity Address, Postal Zip Code	39402
City Area Code	601
Local Phone Number	268-8998
Title of 12(b) Security	Common Stock
Trading Symbol	FBMS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		24,028,120
Entity Central Index Key	0000947559
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 119,121	$ 115,232
Interest-bearing deposits with banks	237,650	804,481
Cash and cash equivalents	356,771	919,713
Securities available-for-sale, at fair value (amortized cost: $1,638,341 - 2022; $1,741,153 - 2021; allowance for credit losses: $0)	1,489,247	1,751,832
Securities held to maturity, net of allowance for credit losses of $0 (fair value: $561,333 - 2022; $0 - 2021)	593,154	0
Other securities	22,588	22,226
Total securities	2,104,989	1,774,058
Loans held for sale	6,703	7,678
Loans held for investment	3,124,924	2,959,553
Allowance for credit losses	(32,400)	(30,742)
Loans, net	3,092,524	2,928,811
Interest receivable	24,543	23,256
Premises and equipment	126,512	125,959
Operating lease right-of-use assets	4,050	4,095
Finance lease right-of-use assets	2,162	2,394
Cash surrender value of bank-owned life insurance	84,763	87,420
Goodwill	156,942	156,663
Other real estate owned	1,985	2,565
Other assets	75,481	44,802
Total assets	6,037,425	6,077,414
Deposits:
Noninterest-bearing deposits	822,841	756,118
Interest-bearing	4,483,356	4,470,666
Total deposits	5,306,197	5,226,784
Interest payable	1,607	1,711
Subordinated debentures	144,876	144,726
Operating lease liabilities	4,145	4,192
Finance lease liabilities	2,006	2,094
Allowance for credit losses on off-balance sheet credit exposures	1,220	1,070
Other liabilities	16,922	20,665
Total liabilities	5,476,973	5,401,242
Shareholders’ equity:
Common stock, par value $1 per share, 40,000,000 shares authorized; 21,778,731 shares issued at June 30, 2022, and 21,668,644 shares issued at December 31, 2021, respectively	21,779	21,669
Additional paid-in capital	459,503	459,228
Retained earnings	231,654	206,228
Accumulated other comprehensive (loss) income	(111,373)	7,978
Treasury stock, at cost, 1,249,607 shares at June 30, 2022 and 649,607 shares at December 31, 2021	(41,111)	(18,931)
Total shareholders’ equity	560,452	676,172
Total liabilities and shareholders’ equity	$ 6,037,425	$ 6,077,414

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Securities available-for-sale, amortized cost	$ 1,638,341	$ 1,741,153
Securities available-for-sale, allowance for credit losses	0	0
Securities held-to-maturity, allowance for credit losses	0	0
Securities held-to-maturity	$ 561,333	$ 0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	21,778,731	21,668,644
Treasury stock (in shares)	1,249,607	649,607

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest and dividend income:
Interest and fees on loans	$ 34,663	$ 37,275	$ 68,817	$ 76,888
Interest and dividends on securities:
Taxable interest and dividends	8,372	4,017	14,524	7,608
Tax exempt interest	2,780	1,908	5,202	3,843
Interest on federal funds sold and interest-bearing deposits in other banks	32	38	45	86
Total interest income	45,847	43,238	88,588	88,425
Interest expense:
Interest on deposits	1,905	3,315	4,188	7,164
Interest on borrowed funds	1,841	1,873	3,660	3,982
Total interest expense	3,746	5,188	7,848	11,146
Net interest income	42,101	38,050	80,740	77,279
Provision for credit losses, LHFI	450	0	450	0
Provision for credit losses, OBSC exposures	150	0	150	0
Net interest income after provision for credit losses	41,501	38,050	80,140	77,279
Non-interest income:
Service charges on deposit accounts	2,038	1,756	4,078	3,516
(Loss) gain on securities	(80)	77	(83)	97
Gain on acquisition	281	0	281	0
Government awards/grants	171	0	873	0
BOLI death proceeds	0	0	1,630	0
(Loss) gain on sale of premises and equipment	(115)	16	(113)	12
Other	6,369	6,973	13,155	14,670
Total non-interest income	8,664	8,822	19,821	18,295
Non-interest expense:
Salaries and employee benefits	17,237	16,036	34,036	32,091
Occupancy and equipment	3,828	3,813	7,704	7,692
Acquisition expense/charter conversion	1,172	0	1,580	0
Other	8,718	7,603	16,225	14,934
Total non-interest expense	30,955	27,452	59,545	54,717
Income before income taxes	19,210	19,420	40,416	40,857
Income tax expense	3,457	3,820	7,834	8,613
Net Income (Loss) Available to Common Stockholders, Diluted	15,753	15,600	32,582	32,244
Net Income (Loss) Available to Common Stockholders, Basic, Total	$ 15,753	$ 15,600	$ 32,582	$ 32,244
Earnings per share:
Basic earnings per share (in dollars per share)	$ 0.77	$ 0.74	$ 1.58	$ 1.53
Diluted earnings per share (in dollars per share)	$ 0.76	$ 0.74	$ 1.57	$ 1.52

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 15,753	$ 15,600	$ 32,582	$ 32,244
Unrealized gains/losses on securities:
Unrealized holding (losses) gains arising during the period on available-for-sale securities	(57,007)	3,955	(159,856)	(8,897)
Reclassification adjustment for losses (gains) included in net income	80	(77)	83	(97)
Unrealized holding (losses) gains arising during the period on available-for-sale securities	(56,927)	3,878	(159,773)	(8,994)
Income tax benefit (expense)	14,401	(982)	40,422	2,275
Other comprehensive (loss) income	(42,526)	2,896	(119,351)	(6,719)
Comprehensive (loss) income	$ (26,773)	$ 18,496	$ (86,769)	$ 25,525

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning balance (in shares) at Dec. 31, 2020		21,598,993
Beginning balance at Dec. 31, 2020	$ 644,815	$ 21,599	$ 456,919	$ 154,241	$ 25,816	$ (13,760)
Treasury stock, beginning balance (in shares) at Dec. 31, 2020						(483,984)
Net income	16,644			16,644
Common stock repurchased (in shares)						(165,623)
Common stock repurchased	(5,171)					$ (5,171)
Other comprehensive income (loss)	(9,615)				(9,615)
Dividends on common stock	(2,723)			(2,723)
Issuance of restricted stock grants (in shares)		84,578
Issuance of restricted stock grants		$ 85	(85)
Restricted stock grants forfeited (in shares)		(500)
Restricted stock grants forfeited		$ (1)	1
Repurchase of restricted stock for payment of taxes (in shares)		(14,720)
Repurchase of restricted stock for payment of taxes	(441)	$ (15)	(426)
Compensation expense	440		440
Ending balance at Mar. 31, 2021	643,949	$ 21,668	456,849	168,162	16,201	$ (18,931)
Ending balance (in shares) at Mar. 31, 2021		21,668,351
Treasury stock, ending balance (in shares) at Mar. 31, 2021						(649,607)
Beginning balance (in shares) at Dec. 31, 2020		21,598,993
Beginning balance at Dec. 31, 2020	644,815	$ 21,599	456,919	154,241	25,816	$ (13,760)
Treasury stock, beginning balance (in shares) at Dec. 31, 2020						(483,984)
Net income	32,244
Ending balance at Jun. 30, 2021	660,052	$ 21,670	457,396	180,820	19,097	$ (18,931)
Ending balance (in shares) at Jun. 30, 2021		21,670,330
Treasury stock, ending balance (in shares) at Jun. 30, 2021						(649,607)
Beginning balance (in shares) at Mar. 31, 2021		21,668,351
Beginning balance at Mar. 31, 2021	643,949	$ 21,668	456,849	168,162	16,201	$ (18,931)
Treasury stock, beginning balance (in shares) at Mar. 31, 2021						(649,607)
Net income	15,600			15,600
Other comprehensive income (loss)	2,896				2,896
Dividends on common stock	(2,942)			(2,942)
Issuance of restricted stock grants (in shares)		3,000
Issuance of restricted stock grants		$ 3	(3)
Restricted stock grants forfeited (in shares)		(1,021)
Restricted stock grants forfeited		$ (1)	1
Compensation expense	549		549
Ending balance at Jun. 30, 2021	660,052	$ 21,670	457,396	180,820	19,097	$ (18,931)
Ending balance (in shares) at Jun. 30, 2021		21,670,330
Treasury stock, ending balance (in shares) at Jun. 30, 2021						(649,607)
Beginning balance (in shares) at Dec. 31, 2021		21,668,644
Beginning balance at Dec. 31, 2021	676,172	$ 21,669	459,228	206,228	7,978	$ (18,931)
Treasury stock, beginning balance (in shares) at Dec. 31, 2021						(649,607)
Net income	16,829			16,829
Common stock repurchased (in shares)						(600,000)
Common stock repurchased	(22,180)					$ (22,180)
Other comprehensive income (loss)	(76,825)				(76,825)
Dividends on common stock	(3,468)			(3,468)
Issuance of restricted stock grants (in shares)		82,123
Issuance of restricted stock grants		$ 82	(82)
Restricted stock grants forfeited (in shares)		(1,000)
Restricted stock grants forfeited		$ (1)	1
Repurchase of restricted stock for payment of taxes (in shares)		(15,330)
Repurchase of restricted stock for payment of taxes	(554)	$ (16)	(538)
Compensation expense	466		466
Ending balance at Mar. 31, 2022	590,440	$ 21,734	459,075	219,589	(68,847)	$ (41,111)
Ending balance (in shares) at Mar. 31, 2022		21,734,437
Treasury stock, ending balance (in shares) at Mar. 31, 2022						(1,249,607)
Beginning balance (in shares) at Dec. 31, 2021		21,668,644
Beginning balance at Dec. 31, 2021	676,172	$ 21,669	459,228	206,228	7,978	$ (18,931)
Treasury stock, beginning balance (in shares) at Dec. 31, 2021						(649,607)
Net income	32,582
Ending balance at Jun. 30, 2022	560,452	$ 21,779	459,503	231,654	(111,373)	$ (41,111)
Ending balance (in shares) at Jun. 30, 2022		21,778,731
Treasury stock, ending balance (in shares) at Jun. 30, 2022						(1,249,607)
Beginning balance (in shares) at Mar. 31, 2022		21,734,437
Beginning balance at Mar. 31, 2022	590,440	$ 21,734	459,075	219,589	(68,847)	$ (41,111)
Treasury stock, beginning balance (in shares) at Mar. 31, 2022						(1,249,607)
Net income	15,753			15,753
Other comprehensive income (loss)	(42,526)				(42,526)
Dividends on common stock	(3,688)			(3,688)
Issuance of restricted stock grants (in shares)		47,827
Issuance of restricted stock grants		$ 48	(48)
Restricted stock grants forfeited (in shares)		(1,000)
Restricted stock grants forfeited		$ (1)	1
Repurchase of restricted stock for payment of taxes (in shares)		(2,533)
Repurchase of restricted stock for payment of taxes	(73)	$ (2)	(71)
Compensation expense	546		546
Ending balance at Jun. 30, 2022	$ 560,452	$ 21,779	$ 459,503	$ 231,654	$ (111,373)	$ (41,111)
Ending balance (in shares) at Jun. 30, 2022		21,778,731
Treasury stock, ending balance (in shares) at Jun. 30, 2022						(1,249,607)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends declared	$ 0.18	$ 0.17	$ 0.14	$ 0.13

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income	$ 32,582	$ 32,244
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion	6,520	6,685
Provision for credit loss	450	0
Loss on sale or writedown of ORE	235	416
Securities loss (gain)	83	(97)
Acquisition gain	(281)	0
Loss (gain) on disposal of premises and equipment	113	(12)
Restricted stock expense	1,012	989
Increase in cash value of life insurance	(1,080)	(950)
Federal Home Loan Bank stock dividends	(1)	(26)
Residential loans originated and held for sale	(79,176)	(134,389)
Proceeds from sale of residential loans held for sale	80,151	149,821
Changes in:
Interest receivable	(1,287)	2,318
Interest payable	(104)	(307)
Operating lease liability	(47)	(784)
Other, net	6,029	2,097
Net cash provided by operating activities	45,199	58,005
Cash flows from investing activities:
Maturities, calls and paydowns of available-for-sale and held-to-maturity securities	111,626	109,261
Purchases of available-for-sale and held-to-maturity securities	(604,673)	(379,796)
Redemptions (Purchases) of other securities, net	(361)	5,276
Net (increase) decrease in loans	(163,253)	84,025
Net changes in premises and equipment	(4,125)	(787)
Proceeds from sale of other real estate owned	836	3,431
Proceeds from the sale of land	712	0
Bank-owned life insurance – death proceeds	1,630	0
Purchase of bank-owned life insurance	0	(12,244)
Net cash used in investing activities	(657,608)	(190,834)
Cash flows from financing activities:
Increase in deposits	79,413	458,753
Net decrease in borrowed funds	0	(114,647)
Principal payments on finance lease liabilities	(88)	(94)
Dividends paid on common stock	(7,050)	(5,580)
Cash paid to repurchase common stock	(22,180)	(5,171)
Payment of subordinated debt issuance costs	(1)	(59)
Repurchase of restricted stock for payment of taxes	(627)	(441)
Net cash provided by financing activities	49,467	332,761
Net change in cash and cash equivalents	(562,942)	199,932
Beginning cash and cash equivalents	919,713	562,554
Ending cash and cash equivalents	356,771	762,486
Supplemental disclosures:
Loans transferred to other real estate	495	1,576
Issuance of restricted stock grants	130	88
Dividends on restricted stock grants	105	85
Lease liabilities arising from obtaining right-of-use assets	$ 600	$ 14

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial statements and the instructions to Form 10-Q of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. However, in the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the six months ended June 30, 2022, are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. For further information, please refer to the consolidated financial statements and footnotes thereto included in the Company’s Form 10-K for the fiscal year ended December 31, 2021.

SUMMARY OF ORGANIZATION

SUMMARY OF ORGANIZATION	6 Months Ended
	Jun. 30, 2022
SUMMARY OF ORGANIZATION
SUMMARY OF ORGANIZATION	SUMMARY OF ORGANIZATION The First Bancshares, Inc., Hattiesburg, Mississippi (the “Company”), was incorporated June 23, 1995, under the laws of the State of Mississippi for the purpose of operating as a bank holding company. The Company’s primary asset is its interest in its wholly-owned subsidiary, The First Bank (the “Bank” or “The First”). On January 15, 2022, the Bank, then named The First, A National Banking Association, converted from a national banking association to a Mississippi state-chartered bank and changed its name to The First Bank. The First Bank is a member of the Federal Reserve System through the Federal Reserve Bank of Atlanta. The charter conversion and name change are expected to have only a minimal impact on the Bank’s clients, and deposits will continue to be insured by the Federal Deposit Insurance Corporation up to the applicable limits. At June 30, 2022, the Company had approximately $6.037 billion in assets, $3.093 billion in net loans held for investment (“LHFI”), $5.306 billion in deposits, and $560.5 million in shareholders' equity. For the six months ended June 30, 2022, the Company reported net income of $32.6 million. On February 25, 2022, the Company paid a cash dividend in the amount of $0.17 per share to shareholders of record as of the close of business on February 10, 2022. On May 25, 2022, the Company paid a cash dividend in the amount of $0.18 per share to shareholders of record as of the close of business on May 10, 2022. On July 27, 2022, the Company announced that its Board of Directors declared a cash dividend of $0.19 per share to be paid on its common stock on August 25, 2022 to shareholders of record as of the close of business on August 8, 2022.

ACCOUNTING STANDARDS

ACCOUNTING STANDARDS	6 Months Ended
	Jun. 30, 2022
Accounting Changes and Error Corrections [Abstract]
ACCOUNTING STANDARDS	ACCOUNTING STANDARDS Effect of Recently Adopted Accounting Standards In November 2021, FASB issued Accounting Standard Update (“ASU”) No. 2021-10, Government Assistance (Topic 832): “Disclosures by Business Entities about Government Assistance.” These amendments are expected to increase transparency in financial reporting by requiring business entities to disclose information about certain types of government assistance they receive. The Company adopted ASU 2021-10 effective January 1, 2022. Adoption of ASU 2021-10 did not have a material impact to the Company’s consolidated financial statements. New Accounting Standards That Have Not Yet Been Adopted In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-04, Reference Rate Reform (ASC 848): “Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” This ASU provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. The Company is assessing ASU 2020-04 and its impact on the Company’s transition away from LIBOR for its loan and other financial instruments. In October 2021, FASB issued ASU No. 2021-08, Business Combination (Topic 805): “Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.” This ASU requires entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The amendment improves comparability after the business combination by providing consistent recognition and measurement guidance for revenue contracts with customers acquired in a business combination and revenue contracts with customers not acquired in a business combination. This ASU is effective for the Company after December 15, 2022. The Company is assessing ASU 2021-08 and its impact on the Company’s consolidated financial statements. In March 2022, FASB issued ASU No. 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures.” These amendments eliminate the TDR recognition and measurement guidance and instead require that an entity evaluate whether the modification represents a new loan or a continuation of an existing loan. The amendments also enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. For public business entities, these amendments require that an entity disclose current period gross write-offs by year of origination for financing receivables and net investment in leases within the scope of Subtopic 326-20. Gross write-off information must be included in the vintage disclosures required for public business entities in accordance with paragraph 326-20-50-6, which requires that an entity disclose the amortized cost basis of financing receivables by credit quality indicator and class of financing receivable by year of origination. This ASU is effective for the Company after December 15, 2022. The Company is assessing ASU 2022-02 and its impact on the Company’s consolidated financial statements.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS Acquisitions Cadence Bank Branches On December 3, 2021, The First completed its acquisition of seven Cadence Bank, N.A. (“Cadence”) branches in Northeast Mississippi (the “Cadence Branches”). In connection with the acquisition of the Cadence Branches, The First assumed $410.2 million in deposits, acquired $40.3 million in loans at fair value, acquired certain assets associated with the Cadence Branches at their book value, and paid a deposit premium of $1.0 million to Cadence. As a result of the acquisition, the Company will have an opportunity to increase its deposit base and reduce transaction costs. The Company also expects to reduce costs through economies of scale. In connection with the acquisition of the Cadence Branches, the Company recorded a $1.6 million bargain purchase gain and $2.9 million core deposit intangible. The bargain purchase gain was generated as a result of the estimated fair value of net assets acquired exceeding the merger consideration, based on provisional fair values. The bargain purchase gain is considered non-taxable for income taxes purposes. The core deposit intangible will be amortized to expense over 10 years. The Company also incurred $370 thousand of provision for credit losses on credit marks from the loans acquired. Expenses associated with the branch acquisition of the Cadence Branches were $232 thousand and $444 thousand for the three months and six months period ended June 30, 2022, respectively. These costs included charges associated with legal and consulting expenses, which have been expensed as incurred. The assets acquired and liabilities assumed and consideration paid in the acquisition of the Cadence Branches were recorded at their estimated fair values based on management’s best estimates using information available at the date of the acquisition and are subject to adjustment for up to one year after the closing date of the acquisition. While the fair values are not expected to be materially different from the estimates, accounting guidance provides that an acquirer must recognize adjustments to provisional amounts that are identified during the measurement period, which will run through December 3, 2022 in respect of the Cadence Branches, in the measurement period in which the adjustment amounts are determined. The acquirer must record in the financial statements, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of changes to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The items most susceptible to adjustment are the credit fair value adjustments on loans, core deposit intangible and the deferred income tax assets resulting from the acquisition. The following table summarizes the provisional fair values of the assets acquired and liabilities assumed and the goodwill (bargain purchase gain) generated from the transaction ($ in thousands): Purchase price: Cash $ 1,000 Total purchase price 1,000 Identifiable assets: Cash $ 359,916 Loans 40,262 Core deposit intangible 2,890 Personal and real property 9,675 Other assets 135 Total assets 412,878 Liabilities and equity: Deposits 410,171 Other liabilities 126 Total liabilities 410,297 Net assets acquired 2,581 Bargain purchase gain $ (1,581) Supplemental Pro Forma Information The following table presents certain supplemental pro forma information, for illustrative purposes only, for the six months ended June 30, 2022 and 2021 as if the Cadence Branches acquisitions had occurred on January 1, 2021. The pro forma financial information is not necessarily indicative of the results of operations had the acquisitions been effective as of this date. ($ in thousands) (unaudited) (unaudited) Pro-Forma Pro-Forma Six Months Ended Six Months Ended Net interest income $ 80,740 $ 77,279 Non-interest income 19,821 18,295 Total revenue 100,561 95,574 Income before income taxes 41,996 40,857 Supplemental pro-forma earnings were adjusted to exclude acquisition costs incurred. The Company’s operating results for the six months ended June 30, 2022, include the operating results of the acquired assets and assumed liabilities of the Cadence Branches subsequent to the acquisition date. Due to the timing of the data conversion and the integration of operations of the branches onto the Company’s existing operations, historical reporting of the acquired branches is impracticable, and therefore, disclosure of the amounts of revenue and expenses attributable to the acquired branches since the acquisition date are not available.

EARNINGS APPLICABLE TO COMMON S

EARNINGS APPLICABLE TO COMMON SHAREHOLDERS	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
EARNINGS APPLICABLE TO COMMON SHAREHOLDERS	EARNINGS APPLICABLE TO COMMON SHAREHOLDERSBasic per share data is calculated based on the weighted-average number of common shares outstanding during the reporting period. Diluted per share data includes any dilution from potential common stock outstanding, such as restricted stock grants. There were no anti-dilutive common stock equivalents excluded in the calculations. The following tables disclose the reconciliation of the numerators and denominators of the basic and diluted computations applicable to common shareholders ($ in thousands, except per share amount): Three Months Ended Three Months Ended Net Income Shares Per Net Income Shares Per Basic earnings per share $ 15,753 20,507,451 $ 0.77 $ 15,600 21,018,772 $ 0.74 Effect of dilutive shares: Restricted stock grants 108,477 188,288 Diluted earnings per share $ 15,753 20,615,928 $ 0.76 $ 15,600 21,207,060 $ 0.74 For the Six Months Ended For the Six Months Ended Net Income Shares Per Net Income Shares Per Basic earnings per share $ 32,582 20,602,698 $ 1.58 $ 32,244 21,013,930 $ 1.53 Effect of dilutive shares: Restricted stock grants 122,847 182,147 Diluted earnings per share $ 32,582 20,725,545 $ 1.57 $ 32,244 21,196,077 $ 1.52

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
COMPREHENSIVE INCOME	COMPREHENSIVE INCOMEAs presented in the Consolidated Statements of Comprehensive Income, comprehensive income includes net income and other comprehensive income. The Company’s sources of other comprehensive income are unrealized gains and losses on available-for-sale securities, which are also recognized as separate components of equity.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	6 Months Ended
	Jun. 30, 2022
Risks and Uncertainties [Abstract]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. At June 30, 2022, and December 31, 2021 these financial instruments consisted of the following: ($ in thousands) June 30, 2022 December 31, 2021 Fixed Rate Variable Rate Fixed Rate Variable Rate Commitments to make loans $ 102,763 $ 5,582 $ 80,760 $ 23,946 Unused lines of credit 270,342 314,136 213,332 309,791 Standby letters of credit 4,045 9,256 2,586 9,737 Commitments to make loans are generally made for periods of 90 days or less. The fixed rate loan commitments have interest rates ranging from 1.0% to 18.0% and maturities ranging from approximately 1 year to 30 years. ALLOWANCE FOR CREDIT LOSSES (“ACL”) ON OFF BALANCE SHEET CREDIT (“OBSC”) Exposures The Company maintains a separate ACL on OBSC exposures, including unfunded commitments and letters of credit, which is included on the accompanying consolidated balance sheet as of June 30, 2022 and December 31, 2021. The ACL on OBSC exposures is adjusted as a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. Changes in the ACL on OBSC exposures were as follows for the presented periods: ($ in thousands) Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Balance at beginning of period $ 1,070 $ 718 $ 1,070 $ — Adoption of ASU 326 — — — 718 Credit loss expense related to OBSC exposures 150 — 150 — Balance at end of period $ 1,220 $ 718 $ 1,220 $ 718 Adjustments to the ACL on OBSC exposures are recorded to provision for credit losses OBSC exposures. The increase in the ACL on OBSC exposures for the three and six months ended June 30, 2022 was primarily due to an increase in unfunded commitments. No credit loss estimate is reported for OBSC exposures that are unconditionally cancellable by the Company or for undrawn amounts under such arrangements that may be drawn prior to the cancellation on the arrangement.

FAIR VALUE DISCLOSURES AND REPO

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS	3 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS	FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the assets or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 : Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 : Significant observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, and other inputs that are observable or can be corroborated by observable market data. Level 3 : Significant unobservable inputs that reflect a company’s own assumptions about the factors that market participants would likely consider in pricing an asset or liability. The following methods and assumptions were used by the Company to estimate its financial instrument fair values disclosed at June 30, 2022 and December 31, 2021: • Investment Securities : The fair value for investment securities are determined by quoted market prices, if available (Level 1). For securities where, quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2), using matrix pricing. Matrix pricing is a mathematical technique commonly used to price debt securities that are not actively traded, valuing debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). For securities where, quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3). • Loans Held for Sale : Since loans designated by the Company as available-for-sale are typically sold shortly after making the decision to sell them, realized gains or losses are usually recognized within the same period and fluctuations in fair values are not relevant for reporting purposes. If available-for-sale loans are held on our books for an extended period of time, the fair value of those loans is determined using quoted secondary-market prices. • Collateral Dependent Loans : Loans for which it is probable that the Company will not collect all principal and interest due according to contractual terms are measured for impairment. If the impaired loan is identified as collateral dependent, then the fair value method of measuring the amount of impairment is utilized. This method requires obtaining a current independent appraisal of the collateral. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by independent appraisers to adjust for differences between the comparable sales and income data available for similar loans and collateral underlying such loans. Such adjustments, if any, result in a Level 3 classification of the inputs for determining fair value. The Company generally adjusts the appraisal down by approximately 10 percent to account for cost associated with litigation and collection. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment. • Other Real Estate Owned : Other real estate owned consists of properties obtained through foreclosure. The adjustment at the time of foreclosure is recorded through the allowance for credit losses. Fair value of other real estate owned is based on current independent appraisals of the collateral less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals, which are updated no less frequently than annually. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach with data from comparable properties. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments, if any, result in a Level 3 classification of the inputs for determining fair value. In the determination of fair value subsequent to foreclosure, management also considers other factors or recent developments, such as changes in market conditions from the time of valuation and anticipated sales values considering plans for disposition, which could result in an adjustment to lower the collateral value estimates indicated in the appraisals. The Company generally adjusts the appraisal down by approximately 10 percent to account for carrying costs. Periodic revaluations are classified as Level 3 in the fair value hierarchy since assumptions are used that may not be observable in the market. Due to the subjective nature of establishing the fair value when the asset is acquired, the actual fair value of the other real estate owned or foreclosed asset could differ from the original estimate. If it is determined the fair value declines subsequent to foreclosure, a valuation allowance is recorded through other non-interest income. Operating costs associated with the assets after acquisition are also recorded as non-interest expense. Gains and losses on the disposition of other real estate owned and foreclosed assets are netted and recorded in other non-interest income. Other real estate owned is classified within Level 3 of the fair value hierarchy. Estimated fair values for the Company’s financial instruments are as follows, as of the dates noted: June 30, 2022 Carrying Estimated Fair Value Measurements ($ in thousands) Quoted Prices Significant Significant Financial Instruments: Assets: Cash and cash equivalents $ 356,771 $ 356,771 $ 356,771 $ — $ — Securities available-for-sale: U.S. Treasury 126,841 126,841 126,841 — — Obligations of U.S. government agencies and sponsored entities 158,660 158,660 — 158,660 — Municipal securities 591,818 591,818 — 573,561 18,257 Mortgage-backed securities 574,634 574,634 — 574,634 — Corporate obligations 37,294 37,294 — 37,262 32 Securities held-to-maturity 593,154 561,333 — 561,333 — Loans, net 3,092,524 3,115,862 — — 3,115,862 Accrued interest receivable 24,543 24,543 — 9,211 15,332 Liabilities: Noninterest-bearing deposits $ 822,841 $ 822,841 $ — $ 822,841 $ — Interest-bearing deposits 4,483,356 4,331,370 — 4,331,370 — Subordinated debentures 144,876 145,055 — — 145,055 Accrued interest payable 1,607 1,607 — 1,607 — December 31, 2021 Carrying Estimated Fair Value Measurements ($ in thousands) Quoted Significant Significant Financial Instruments: Assets: Cash and cash equivalents $ 919,713 $ 919,713 $ 919,713 $ — $ — Securities available-for-sale: U.S. Treasury 135,158 135,158 135,158 — — Obligations of U.S. government agencies and sponsored entities 183,021 183,021 — 183,021 — Municipal securities 708,502 708,502 — 688,379 20,123 Mortgage-backed securities 688,298 688,298 — 688,298 — Corporate obligations 36,853 36,853 — 36,810 43 Loans, net 2,928,811 2,956,297 — — 2,956,297 Accrued interest receivable 23,256 23,256 — 6,838 16,418 Liabilities: Non-interest-bearing deposits $ 756,118 $ 756,118 $ — $ 756,118 $ — Interest-bearing deposits 4,470,666 4,431,771 — 4,431,771 — Subordinated debentures 144,726 156,952 — — 156,952 Accrued interest payable 1,711 1,711 — 1,711 — Assets measured at fair value on a recurring basis are summarized below: June 30, 2022 ($ in thousands) Fair Value Fair Value Measurements Using Quoted Prices in Significant Other Significant Available-for-sale U.S. Treasury $ 126,841 $ 126,841 $ — $ — Obligations of U.S. Government agencies and sponsored entities 158,660 — 158,660 — Municipal securities 591,818 — 573,561 18,257 Mortgage-backed securities 574,634 — 574,634 — Corporate obligations 37,294 — 37,262 32 Total available-for-sale $ 1,489,247 $ 126,841 $ 1,344,117 $ 18,289 December 31, 2021 ($ in thousands) Fair Value Fair Value Measurements Using Quoted Prices in Significant Other Significant Available-for-sale U.S. Treasury $ 135,158 $ 135,158 $ — $ — Obligations of U.S. Government agencies and sponsored entities 183,021 — 183,021 — Municipal securities 708,502 — 688,379 20,123 Mortgage-backed securities 688,298 — 688,298 — Corporate obligations 36,853 — 36,810 43 Total available-for-sale $ 1,751,832 $ 135,158 $ 1,596,508 $ 20,166 The following is a reconciliation of activity for assets measured at fair value based on significant unobservable inputs (Level 3) information. Bank-Issued Trust ($ in thousands) 2022 2021 Balance, January 1 $ 43 $ 235 Paydowns (11) (55) Unrealized gain included in comprehensive income — 38 Balance at June 30 $ 32 $ 218 Municipal Securities ($ in thousands) 2022 2021 Balance, January 1 $ 20,123 $ 20,126 Purchases — 4,189 Maturities, calls and paydowns (236) (4,185) Unrealized loss included in comprehensive income (1,630) (26) Balance at June 30 $ 18,257 $ 20,104 The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a recurring basis at June 30, 2022 and December 31, 2021. The following tables present quantitative information about recurring Level 3 fair value measurements ($ in thousands): Trust Preferred Securities Fair Value Valuation Technique Significant Unobservable Range of Inputs June 30, 2022 $ 32 Discounted cash flow Probability of default 4.25% - 4.72% December 31, 2021 $ 43 Discounted cash flow Probability of default 2.35% - 2.47% Municipal Securities Fair Value Valuation Technique Significant Range of Inputs June 30, 2022 $ 18,257 Discounted cash flow Discount Rate 2.00% - 3.90% December 31, 2021 $ 20,123 Discounted cash flow Discount Rate 0.50% - 1.90% The following table presents the fair value measurement of assets measured at fair value on a non-recurring basis and the level within the fair value hierarchy in which the fair value measurements were classified at June 30, 2022 and December 31, 2021. June 30, 2022 ($ in thousands) Fair Value Measurements Using Fair Value Quoted Prices in Significant Significant Collateral dependent loans $ 2,011 $ — $ — $ 2,011 Other real estate owned 1,985 — — 1,985 December 31, 2021 ($ in thousands) Fair Value Measurements Using Fair Value Quoted Prices in Significant Significant Collateral dependent loans $ 3,564 $ — $ — $ 3,564 Other real estate owned 2,565 — — 2,565

SECURITIES

SECURITIES	6 Months Ended
	Jun. 30, 2022
SECURITIES
SECURITIES	SECURITIES The following table summarizes the amortized cost, gross unrealized gains and losses, and estimated fair values of securities available-for-sale (“AFS”) and securities held-to-maturity at June 30, 2022 and December 31, 2021. ($ in thousands) June 30, 2022 Amortized Gross Gross Estimated Available-for-sale securities: U.S. Treasury $ 135,820 $ — $ 8,979 $ 126,841 Obligations of U.S. government agencies and sponsored entities 172,020 16 13,375 158,660 Tax-exempt and taxable obligations of states and municipal subdivisions 671,353 1,126 80,661 591,818 Mortgage-backed securities - residential 368,957 71 29,201 339,827 Mortgage-backed securities - commercial 251,865 118 17,176 234,807 Corporate obligations 38,326 83 1,115 37,294 Total available-for-sale $ 1,638,341 $ 1,413 $ 150,507 $ 1,489,247 Held-to-maturity: U.S. Treasury $ 109,527 $ — $ 3,403 $ 106,124 Obligations of U.S. government agencies and sponsored entities 33,127 — 489 32,638 Tax-exempt and taxable obligations of states and municipal subdivisions 146,958 162 11,576 135,544 Mortgage-backed securities - residential 163,453 — 10,139 153,314 Mortgage-backed securities - commercial 130,089 66 5,793 124,362 Corporate obligations 10,000 — 649 9,351 Total held-to-maturity $ 593,154 $ 228 $ 32,049 $ 561,333 ($ in thousands) December 31, 2021 Amortized Gross Gross Estimated Available-for-sale securities: U.S. Treasury $ 135,889 $ 83 $ 814 $ 135,158 Obligations of U.S. government agencies sponsored entities 182,877 1,238 1,094 183,021 Tax-exempt and taxable obligations of states and municipal subdivisions 698,861 12,452 2,811 708,502 Mortgage-backed securities - residential 410,269 4,123 3,425 410,967 Mortgage-backed securities - commercial 277,353 2,917 2,939 277,331 Corporate obligations 35,904 962 13 36,853 Total available-for-sale $ 1,741,153 $ 21,775 $ 11,096 $ 1,751,832 The amortized cost and fair value of debt securities are shown by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. ACL on Securities Securities Available for Sale Quarterly, the Company evaluates if a security has a fair value less than its amortized cost. Once these securities are identified, in order to determine whether a decline in fair value resulted from a credit loss or other factors, the Company performs further analysis as outlined below: • Review the extent to which the fair value is less than the amortized cost and determine if the decline is indicative of credit loss or other factors. • The securities that violate the credit loss trigger above would be subjected to additional analysis. • If the Company determines that a credit loss exists, the credit portion of the allowance will be measured using the discounted cash flow (“DCF”) analysis using the effective interest rate. The amount of credit loss the Company records will be limited to the amount by which the amortized cost exceeds the fair value. The allowance for the calculated credit loss will be monitored going forward for further credit deterioration or improvement. At both June 30, 2022 and December 31, 2021, the results of the analysis did not identify any securities where the decline was indicative of credit loss factors; therefore, no credit loss was recognized on any of the securities AFS. Accrued interest receivable is excluded from the estimate of credit losses for securities AFS. Accrued interest receivable totaled $7.2 million and $6.8 million at June 30, 2022 and December 31, 2021, respectively and was reported in interest receivable on the accompanying Consolidated Balance Sheet. All AFS securities were current with no securities past due or on nonaccrual as of June 30, 2022 and December 31, 2021. Securities Held to Maturity At June 30, 2022, the potential credit loss exposure was $391 thousand and consisted of tax-exempt and taxable obligations of states and municipal subdivisions and corporate obligations securities. After applying appropriate probability of default (“PD”) and loss given default (“LGD”) assumptions, the total amount of current expected credit losses was deemed immaterial. Therefore, no reserve was recorded at June 30, 2022. Accrued interest receivable is excluded from the estimate of credit losses for securities held-to-maturity. Accrued interest receivable totaled $2.0 million and $0 at June 30, 2022 and December 31, 2021, respectively and was reported in interest receivable on the accompanying Consolidated Balance Sheet. At June 30, 2022, the Company had no securities held-to-maturity that were past due 30 days or more as to principal or interest payments. The Company had no securities held-to-maturity classified as nonaccrual at June 30, 2022. The Company monitors the credit quality of the debt securities held-to-maturity through the use of credit ratings. The Company monitors the credit ratings on a quarterly basis. The following table summarizes the amortized cost of debt securities held-to-maturity at June 30, 2022, aggregated by credit quality indicators. ($ in thousands) June 30, 2022 A2 $ 1,419 Aa1/Aa2/Aa3 19,711 Aaa 446,055 Not rated 125,969 Total $ 593,154 The amortized cost and fair value of debt securities are shown by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. ($ in thousands) June 30, 2022 Amortized Fair Available-for-sale: Due less than one year $ 27,963 $ 27,852 Due after one year through five years 269,064 257,549 Due after five years through ten years 387,471 350,647 Due greater than ten years 333,021 278,565 Mortgage-backed securities - residential 368,957 339,827 Mortgage-backed securities - commercial 251,865 234,807 Total $ 1,638,341 $ 1,489,247 Held-to-maturity: Due less than one year $ 20,798 $ 20,545 Due after one year through five years 109,904 106,351 Due after five years through ten years 35,543 33,601 Due greater than ten years 133,367 123,160 Mortgage-backed securities - residential 163,453 153,314 Mortgage-backed securities - commercial 130,089 124,362 Total $ 593,154 $ 561,333 The amortized costs of securities pledged as collateral, to secure public deposits and for other purposes, was $1.075 billion and $889.5 million at June 30, 2022 and December 31, 2021, respectively. The following table summarizes securities in an unrealized loss position for which an allowance for credit losses has not been recorded at June 30, 2022 and December 31, 2021. There were no held-to-maturity securities at December 31, 2021. The securities are aggregated by major security type and length of time in a continuous unrealized loss position: ($ in thousands) June 30, 2022 Losses < 12 Months Losses 12 Months or > Total Fair Gross Fair Gross Fair Gross Available-for-sale: U.S. Treasury $ 124,260 $ 8,794 $ 2,582 $ 185 $ 126,842 $ 8,979 Obligations of U.S. government agencies and sponsored entities 152,689 12,837 4,503 538 157,192 13,375 Tax-exempt and taxable obligations of state and municipal subdivisions 477,118 70,673 58,393 9,988 535,511 80,661 Mortgage-backed securities - residential 299,279 24,606 31,500 4,595 330,779 29,201 Mortgage-backed securities - commercial 182,312 13,954 30,647 3,222 212,959 17,176 Corporate obligations 27,684 1,111 27 4 27,711 1,115 Total $ 1,263,342 $ 131,975 $ 127,652 $ 18,532 $ 1,390,994 $ 150,507 Held-to-maturity: U.S. Treasury $ 106,124 $ 3,403 $ — $ — $ 106,124 $ 3,403 Obligations of U.S. government agencies and sponsored entities 32,638 489 — — 32,638 489 Tax-exempt and taxable obligations of state and municipal subdivisions 86,881 11,576 — — 86,881 11,576 Mortgage-backed securities - residential 153,314 10,139 — — 153,314 10,139 Mortgage-backed securities - commercial 119,649 5,793 — — 119,649 5,793 Corporate obligations 9,351 649 — — 9,351 649 Total $ 507,957 $ 32,049 $ — $ — $ 507,957 $ 32,049 ($ in thousands) December 31, 2021 Losses < 12 Months Losses 12 Months or > Total Fair Gross Fair Gross Fair Gross U.S. Treasury $ 130,098 $ 814 $ — $ — $ 130,098 $ 814 Obligations of U.S. government agencies and sponsored entities 121,402 933 5,254 161 126,656 1,094 Tax-exempt and taxable obligations of state and municipal subdivisions 249,430 2,692 3,692 119 253,122 2,811 Mortgage-backed securities - residential 284,183 3,228 8,912 197 293,095 3,425 Mortgage-backed securities - commercial 174,697 2,836 3,038 103 177,735 2,939 Corporate obligations 6,692 8 42 5 6,734 13 Total $ 966,502 $ 10,511 $ 20,938 $ 585 $ 987,440 $ 11,096

LOANS

LOANS	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
LOANS	LOANS The Company uses four different categories to classify loans in its portfolio based on the underlying collateral securing each loan. The loans grouped together in each category have been determined to share similar risk characteristics with respect to credit quality. Those four categories are commercial, financial and agriculture, commercial real estate, consumer real estate, consumer installment; Commercial, financial and agriculture – Commercial, financial and agriculture loans include loans to business entities issued for commercial, industrial, or other business purposes. This type of commercial loan shares a similar risk characteristic in that unlike commercial real estate loans, repayment is largely dependent on cash flow generated from the operation of the business. Commercial real estate – Commercial real estate loans are grouped as such because repayment is mainly dependent upon either the sale of the real estate, operation of the business occupying the real estate, or refinance of the debt obligation. This includes both owner-occupied and non-owner occupied CRE secured loans, because they share similar risk characteristics related to these variables. Consumer real estate – Consumer real estate loans consist primarily of loans secured by 1-4 family residential properties and/or residential lots. This includes loans for the purpose of constructing improvements on the residential property, as well as home equity lines of credit. Consumer installment – Installment and other loans are all loans issued to individuals that are not for any purpose related to operation of a business, and not secured by real estate. Repayment on these loans is mostly dependent on personal income, which may be impacted by general economic conditions. The following table shows the composition of the loan portfolio: ($ in thousands) June 30, 2022 December 31, 2021 Loans held for sale Mortgage loans held for sale $ 6,703 $ 7,678 Total LHFS $ 6,703 $ 7,678 Loans held for investment Commercial, financial and agriculture (1) $ 402,619 $ 397,516 Commercial real estate 1,810,204 1,683,698 Consumer real estate 871,051 838,654 Consumer installment 41,050 39,685 Total loans 3,124,924 2,959,553 Less allowance for credit losses (32,400) (30,742) Net LHFI $ 3,092,524 $ 2,928,811 ____________________________________________________________ (1) Loan balance includes $6.3 million and $41.1 million in Paycheck Protection Program (“PPP”) loans as of June 30, 2022 and December 31, 2021, respectively. Accrued interest receivable is not included in the amortized cost basis of the Company’s LHFI. At June 30, 2022 and December 31, 2021, accrued interest receivable for LHFI totaled $15.3 million and $16.4 million, respectively, with no related ACL and was reported in interest receivable on the accompanying consolidated balance sheet. Nonaccrual and Past Due LHFI Past due LHFI are loans contractually past due 30 days or more as to principal or interest payments. Generally, the Company will place a delinquent loan in nonaccrual status when the loan becomes 90 days or more past due. At the time a loan is placed in nonaccrual status, all interest which has been accrued on the loan but remains unpaid is reversed and deducted from earnings as a reduction of reported interest income. No additional interest is accrued on the loan balance until the collection of both principal and interest becomes reasonably certain. The following tables presents the aging of the amortized cost basis in past due loans in addition to those loans classified as nonaccrual including purchase credit deteriorated (“PCD”) loans: ($ in thousands) June 30, 2022 Past Due Past Due Nonaccrual PCD Total Total Nonaccrual Commercial, financial and agriculture (1) $ 207 $ 527 $ 335 $ — $ 1,069 $ 402,619 $ 218 Commercial real estate 1,894 — 17,733 1,402 21,029 1,810,204 1,487 Consumer real estate 1,437 — 2,928 1,276 5,641 871,051 90 Consumer installment 194 — 4 — 198 41,050 — Total $ 3,732 $ 527 $ 21,000 $ 2,678 $ 27,937 $ 3,124,924 $ 1,795 ___________________________________________________________ (1) Total loan balance includes $6.3 million in PPP loans as of June 30, 2022. December 31, 2021 ($ in thousands) Past Due Past Due 90 Nonaccrual PCD Total Total Nonaccrual Commercial, financial and agriculture (1) $ 246 $ — $ 190 $ — $ 436 $ 397,516 $ — Commercial real estate 453 — 19,445 2,082 21,980 1,683,698 1,661 Consumer real estate 2,140 45 3,776 2,512 8,473 838,654 1,488 Consumer installment 121 — 7 1 129 39,685 — Total $ 2,960 $ 45 $ 23,418 $ 4,595 $ 31,018 $ 2,959,553 $ 3,149 ___________________________________________________________ (1) Total loan balance includes $41.1 million in PPP loans as of December 31, 2021. Acquired Loans As of June 30, 2022, and December 31, 2021 the amortized cost of the Company’s PCD loans totaled $6.2 million and $8.6 million, respectively, which had an estimated ACL of $584 thousand and $855 thousand, respectively. Troubled Debt Restructurings If the Company grants a concession to a borrower for economic or legal reasons related to a borrower’s financial difficulties that it would not otherwise consider, the loan is classified as TDRs. In response to the Coronavirus Disease 2019 (“COVID-19”) pandemic and its economic impact to its customers, the Company implemented a short-term modification program in accordance with interagency regulatory guidance to provide temporary payment relief to those borrowers directly impacted by COVID-19 who were not more than 30 days past due at the time of the modification. This program allowed for a deferral of payments for up two successive 90-day periods for a cumulative maximum of 180 days. Pursuant to interagency guidance, such short-term deferrals are not deemed to meet the criteria for reporting as TDRs. For borrowers requiring a longer-term modification following the short-term loan modification program the Company worked with these borrowers whose loans were not more than 30 days past due at December 31, 2019 and who required modification as a result of COVID-19 to modify such loans under Section 4013 of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). As of June 30, 2022, and December 31, 2021, the Company had TDRs totaling $21.1 million and $24.2 million, respectively. As of June 30, 2022, the Company had no additional amount committed on any loan classified as TDR. As of June 30, 2022, and December 31, 2021, TDRs had a related ACL of $3.8 million and $4.3 million, respectively. The following table presents LHFI by class modified as TDRs that occurred during the three and six months ended June 30, 2022 and 2021. ($ in thousands, except for number of loans) Three Months Ended June 30, 2022 Number of Outstanding Outstanding Commercial, financial and agriculture 1 $ 15 $ 15 Total 1 $ 15 $ 15 2021 Commercial real estate 2 $ 237 $ 237 Consumer real estate 1 $ 54 $ 44 Total 3 $ 291 $ 281 The TDRs presented above increased the ACL $0 and $21 thousand and resulted in no charge-offs for the three months period ended June 30, 2022 and 2021, respectively. ($ in thousands, except for number of loans) Six Months Ended June 30, 2022 Number of Outstanding Outstanding Commercial, financial and agriculture 1 $ 15 $ 15 Total 1 $ 15 $ 15 2021 Commercial real estate 2 $ 237 $ 237 Consumer real estate 1 $ 54 $ 44 Total 3 $ 291 $ 281 The TDRs presented above increased the ACL $0 and $21 thousand and resulted in no charge-offs for the six months period ended June 30, 2022 and 2021, respectively. The following table presents loans by class modified as TDRs for which there was a payment default within twelve months following the modification ($ in thousands, except for number of loans). Troubled Debt Restructurings That Subsequently Defaulted: Six Months Ended June 30, 2022 2021 Number of Recorded Number of Recorded Commercial real estate 3 $ 4,562 3 $ 1,027 Consumer real estate 3 133 1 44 Total 6 $ 4,695 4 $ 1,071 The modifications described above included one of the following or a combination of the following: maturity date extensions, interest only payments, amortizations were extended beyond what would be available on similar type loans, and payment waiver. No interest rate concessions were given on these loans nor were any of these loans written down. A loan is considered to be in a payment default once it is 30 days contractually past due under the modified terms. The TDRs presented above increased the ACL $1.5 million and $238 thousand and resulted in no charge-offs for the six months period ended June 30, 2022 and 2021, respectively. The following tables represents the Company’s TDRs at June 30, 2022 and December 31, 2021: June 30, 2022 Current Past Due Past Due 90 Nonaccrual Total ($ in thousands) Commercial, financial and agriculture $ 15 $ — $ — $ 65 $ 79 Commercial real estate 3,142 — — 15,849 18,991 Consumer real estate 1,157 — — 902 2,059 Consumer installment 15 — — — 15 Total $ 4,329 $ — $ — $ 16,816 $ 21,144 Allowance for credit losses $ 53 $ — $ — $ 3,778 $ 3,831 December 31, 2021 Current Past Due Past Due 90 Nonaccrual Total ($ in thousands) Commercial, financial and agriculture $ 63 $ — $ — $ 107 $ 170 Commercial real estate 3,367 — — 16,858 20,225 Consumer real estate 1,772 — — 1,973 3,745 Consumer installment 18 — — — 18 Total $ 5,220 $ — $ — $ 18,938 $ 24,158 Allowance for credit losses $ 90 $ — $ — $ 4,217 $ 4,307 Collateral Dependent Loans The following table presents the amortized cost basis of collateral dependent individually evaluated loans by class of loans as of June 30, 2022 and December 31, 2021: June 30, 2022 ($ in thousands) Real Property Equipment Total Commercial, financial and agriculture $ — $ 218 $ 218 Commercial real estate 1,487 — 1,487 Consumer real estate 312 — 312 Total $ 1,799 $ 218 $ 2,017 December 31, 2021 ($ in thousands) Real Property Total Commercial real estate $ 1,712 $ 1,712 Consumer real estate 1,858 1,858 Total $ 3,570 $ 3,570 A loan is collateral dependent when the borrower is experiencing financial difficulty and repayment of the loan is expected to be provided substantially through the sale of the collateral. The following provides a qualitative description by class of loan of the collateral that secures the Company’s collateral-dependent LHFI: • Commercial, financial and agriculture – Loans within these loan classes are secured by equipment, inventory accounts, and other non-real estate collateral. • Commercial real estate – Loans within these loan classes are secured by commercial real property. • Consumer real estate - Loans within these loan classes are secured by consumer real property. • Consumer installment - Loans within these loan classes are secured by consumer goods, equipment, and non-real estate collateral. There have been no significant changes to the collateral that secures these financial assets during the period. Loan Participations The Company has loan participations, which qualify as participating interest, with other financial institutions. As of June 30, 2022, these loans totaled $148.6 million, of which $62.4 million had been sold to other financial institutions and $86.2 million was purchased by the Company. As of December 31, 2021, these loans totaled $118.4 million, of which $77.8 million had been sold to other financial institutions and $40.6 million was purchased by the Company. The loan participations convey proportionate ownership rights with equal priority to each participating interest holder; involving no recourse (other than ordinary representations and warranties) to, or subordination by, any participating interest holder; all cash flows are divided among the participating interest holders in proportion to each holder’s share of ownership; and no holder has the right to pledge the entire financial asset unless all participating interest holders agree. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually to classify the loans as to credit risk. The Company uses the following definitions for risk ratings: Pass: Loan classified as pass are deemed to possess average to superior credit quality, requiring no more than normal attention. Special Mention: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Company’s credit position at some future date. Substandard: Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful: Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. These above classifications were the most current available as of June 30, 2022, and were generally updated within the prior year. The tables below present the amortized cost basis of loans by credit quality indicator and class of loans based on the most recent analysis performed at June 30, 2022 and December 31, 2021. Revolving loans converted to term as of the six months ended June 30, 2022 and December 31, 2021 were not material to the total loan portfolio. As of June 30, 2022 Term Loans Amortized Cost Basis by Origination Year Revolving Total ($ in thousands) 2022 2021 2020 2019 2018 Prior Commercial, financial and agriculture: Risk Rating Pass $ 78,092 $ 118,432 $ 50,598 $ 46,425 $ 46,582 $ 60,811 $ 66 $ 401,006 Special mention — — 218 336 — 416 — 970 Substandard 35 40 — 47 50 471 — 643 Doubtful — — — — — — — — Total commercial, financial and agriculture $ 78,126 $ 118,472 $ 50,816 $ 46,808 $ 46,632 $ 61,698 $ 66 $ 402,619 Commercial real estate: Risk Rating Pass $ 288,699 $ 417,922 $ 283,843 $ 185,986 $ 149,012 $ 396,464 $ — $ 1,721,925 Special mention — 1,309 2,269 1,725 6,911 13,889 — 26,104 Substandard — 4,973 2,761 2,284 16,362 35,121 — 61,501 Doubtful — — — — — 675 — 675 Total commercial real estate $ 288,699 $ 424,204 $ 288,874 $ 189,995 $ 172,284 $ 446,149 $ — $ 1,810,204 Consumer real estate: Risk Rating Pass $ 139,239 $ 224,599 $ 135,559 $ 56,347 $ 55,459 $ 144,043 $ 99,869 $ 855,114 Special mention — — — 201 26 3,028 — 3,254 Substandard 53 424 420 653 2,569 7,145 1,418 12,683 Doubtful — — — — — — — — Total consumer real estate $ 139,292 $ 225,023 $ 135,978 $ 57,201 $ 58,053 $ 154,215 $ 101,287 $ 871,051 Consumer installment: Risk Rating Pass $ 10,954 $ 13,170 $ 6,613 $ 2,895 $ 998 $ 1,853 $ 4,502 $ 40,986 Special mention — — — — — — — — Substandard 22 4 23 2 3 9 — 63 Doubtful — — — — — — — — Total consumer installment $ 10,976 $ 13,175 $ 6,636 $ 2,897 $ 1,001 $ 1,863 $ 4,502 $ 41,050 Total Pass $ 516,984 $ 774,123 $ 476,613 $ 291,654 $ 252,050 $ 603,170 $ 104,438 $ 3,019,031 Special mention — 1,309 2,488 2,261 6,937 17,333 — 30,328 Substandard 109 5,441 3,204 2,986 18,984 42,746 1,418 74,890 Doubtful — — — — — 675 — 675 Total $ 517,093 $ 780,874 $ 482,304 $ 296,901 $ 277,971 $ 663,924 $ 105,856 $ 3,124,924 As of December 31, 2021 Term Loans Amortized Cost Basis by Origination Year Revolving Total ($ in thousands) 2021 2020 2019 2018 2017 Prior Commercial, financial and: agriculture Risk Rating Pass $ 152,798 $ 60,106 $ 52,802 $ 47,988 $ 22,083 $ 43,773 $ 178 $ 379,728 Special mention — 255 749 90 481 29 — 1,604 Substandard — — 1,398 6,184 360 8,242 — 16,184 Doubtful — — — — — — — — Total commercial, financial and agriculture $ 152,798 $ 60,361 $ 54,949 $ 54,262 $ 22,924 $ 52,044 $ 178 $ 397,516 Commercial real estate: Risk Rating Pass $ 402,284 $ 313,288 $ 207,879 $ 177,943 $ 134,234 $ 332,588 $ — $ 1,568,216 Special mention 1,326 2,259 1,782 15,076 2,779 15,519 — 38,741 Substandard 3,904 3,189 1,931 17,147 18,814 31,756 — 76,741 Doubtful — — — — — — — — Total commercial real estate $ 407,514 $ 318,736 $ 211,592 $ 210,166 $ 155,827 $ 379,863 $ — $ 1,683,698 Consumer real estate: Risk Rating Pass $ 243,340 $ 164,359 $ 70,465 $ 66,940 $ 51,988 $ 121,238 $ 98,444 $ 816,774 Special mention — — 331 26 1,746 1,949 — 4,052 Substandard 444 532 1,280 3,410 1,288 9,241 1,633 17,828 Doubtful — — — — — — — — Total consumer real estate $ 243,784 $ 164,891 $ 72,076 $ 70,376 $ 55,022 $ 132,428 $ 100,077 $ 838,654 Consumer installment: Risk Rating Pass $ 17,980 $ 9,245 $ 4,222 $ 1,645 $ 1,088 $ 1,758 $ 3,697 $ 39,635 Special mention — — — — 1 — — 1 Substandard — 26 3 5 8 7 — 49 Doubtful — — — — — — — — Total consumer installment $ 17,980 $ 9,271 $ 4,225 $ 1,650 $ 1,097 $ 1,765 $ 3,697 $ 39,685 Total Pass $ 816,402 $ 546,998 $ 335,368 $ 294,516 $ 209,393 $ 499,357 $ 102,319 $ 2,804,353 Special mention 1,326 2,514 2,862 15,192 5,007 17,497 — 44,398 Substandard 4,348 3,747 4,612 26,746 20,470 49,246 1,633 110,802 Doubtful — — — — — — — — Total $ 822,076 $ 553,259 $ 342,842 $ 336,454 $ 234,870 $ 566,100 $ 103,952 $ 2,959,553 Allowance for Credit Losses The ACL is a valuation account that is deducted from loans’ amortized cost basis to present the net amount expected to be collected on the loans. It is comprised of a general allowance for loans that are collectively assessed in pools with similar risk characteristics and a specific allowance for individually assessed loans. The allowance is continuously monitored by management to maintain a level adequate to absorb expected losses inherent in the loan portfolio. The ACL represents the estimated losses for financial assets accounted for on an amortized cost basis. Expected losses are calculated using relevant information, from internal and external sources, about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as for changes in environment conditions, such as changes in unemployment rates, property values, or other relevant factors. Management may selectively apply external market data to subjectively adjust the Company’s own loss history including index or peer data. Expected losses are estimated over the contractual term of the loans, adjusted for expected prepayments. The contractual term excludes expected extensions, renewals, and modifications. Loans are charged-off against the allowance when management believes the uncollectibility of a loan balance is confirmed and recoveries are credited to the allowance when received. Expected recovery amounts may not exceed the aggregate of amounts previously charged-off. The ACL is measured on a collective basis when similar risk characteristics exist. Generally, collectively assessed loans are grouped by call code (segments). Segmenting loans by call code will group loans that contain similar types of collateral, purposes, and are usually structured with similar terms making each loan’s risk profile very similar to the rest in that segment. Each of these segments then flows up into one of the four bands (bands), Commercial, Financial, and Agriculture, Commercial Real Estate, Consumer Real Estate, and Consumer Installment. In accordance with the guidance in ASC 326, the Company redefined its LHFI portfolio segments and related loan classes based on the level at which risk is monitored within the ACL methodology. Construction loans for 1-4 family residential properties with a call code 1A1, and other construction, all land development and other land loans with a call code 1A2 were previously separated between the Commercial Real Estate or Consumer Real Estate bands based on loan type code. Under our ASC 326 methodology 1A1 loans are all defined as part of the Consumer Real Estate band and 1A2 loans are all defined as part of the Commercial Real Estate Band. The probability of default (“PD”) calculation analyzes the historical loan portfolio over the given lookback period to identify, by segment, loans that have defaulted. A default is defined as a loan that has moved to past due 90 days and greater, nonaccrual status, or experienced a charge-off during the period. The model observes loans over a 12-month window, detecting any events previously defined. This information is then used by the model to calculate annual iterative count-based PD rates for each segment. This process is then repeated for all dates within the historical data range. These averaged PD’s are used for an immediate reversion back to the historical mean. The historical data used to calculate this input was captured by the Company from 2009 through the most recent quarter end. The Company utilizes reasonable and supportable forecasts of future economic conditions when estimating the ACL on loans. The model’s calculation also includes a 24-month forecasted PD based on a regression model that calculated a comparison of the Company’s historical loan data to various national economic metrics during the same periods. The results showed the Company’s past losses having a high rate of correlation to unemployment, both regionally and nationally. Using this information, along with the most recently published Wall Street Journal survey of sixty economists’ forecasts predicting unemployment rates out over the next eight quarters, a corresponding future PD can be calculated for the forward-looking 24-month period. This data can also be used to predict loan losses at different levels of stress, including a baseline, adverse and severely adverse economic condition. After the forecast period, PD rates revert to the historical mean of the entire data set. The LGD calculation is based on actual losses (charge-offs, net recoveries) at a loan level experienced over the entire lookback period aggregated to get a total for each segment of loans. The aggregate loss amount is divided by the exposure at default to determine an LGD rate. Defaults occurring during the lookback period are included in the denominator, whether a loss occurred or not and exposure at default is determined by the loan balance immediately preceding the default event. If there is not a minimum of five past defaults in a loan segment, or less than 15.0% calculated LGD rate, or the total balance at default is less than 1% of the balance in the respective call code as of the model run date, a proxy index is used. This index is proprietary to the Company’s ACL modeling vendor derived from loss data of other client institutions similar in organization structure to the Company. The vendor also provides a “crisis” index derived from loss data between the post-recessionary years of 2008-2013 that the Company uses. The model then uses these inputs in a non-discounted version of DCF methodology to calculate the quantitative portion of estimated losses. The model creates loan level amortization schedules that detail out the expected monthly payments for a loan including estimated prepayments and payoffs. These expected cash flows are discounted back to present value using the loan’s coupon rate instead of the effective interest rate. On a quarterly basis, the Company uses internal credit portfolio data, such as changes in portfolio volume and composition, underwriting practices, and levels of past due loans, nonaccruals and classified assets along with other external information not used in the quantitative calculation to determine if any subjective qualitative adjustments are required so that all significant risks are incorporated to form a sufficient basis to estimate credit losses. The following table presents the activity in the allowance for credit losses by portfolio segment for the three and six months ended June 30, 2022 and 2021: ($ in thousands) Three Months Ended June 30, 2022 Commercial, Commercial Consumer Consumer Total Allowance for credit losses: Beginning balance $ 4,874 $ 17,773 $ 8,492 $ 481 $ 31,620 Provision for credit losses (313) 629 62 72 450 Loans charged-off (94) (24) (140) (168) (426) Recoveries 44 290 338 84 756 Total ending allowance balance $ 4,511 $ 18,668 $ 8,752 $ 469 $ 32,400 ($ in thousands) Six Months Ended June 30, 2022 Commercial, Commercial Consumer Consumer Total Allowance for credit losses: Beginning balance $ 4,873 $ 17,552 $ 7,889 $ 428 $ 30,742 Provision for credit losses (313) 629 62 72 450 Loans charged-off (146) (27) (147) (337) (657) Recoveries 97 514 948 306 1,865 Total ending allowance balance $ 4,511 $ 18,668 $ 8,752 $ 469 $ 32,400 ($ in thousands) Three Months Ended June 30, 2021 Commercial, Commercial Consumer Consumer Total Allowance for credit losses: Beginning balance $ 4,158 $ 17,578 $ 10,280 $ 647 $ 32,663 Provision for credit losses — — — — — Loans charged-off (490) (166) (124) (108) (888) Recoveries 242 161 183 96 682 Total ending allowance balance $ 3,910 $ 17,573 $ 10,339 $ 635 $ 32,457 ($ in thousands) Six Months Ended June 30, 2021 Commercial, Commercial Consumer Consumer Total Allowance for credit losses: Beginning balance $ 6,214 $ 24,319 $ 4,736 $ 551 $ 35,820 Impact of ASC 326 adoption on non-PCD loans (1,319) (4,607) 5,257 (49) (718) Impact of ASC 326 adoption on PCD loans 166 575 372 2 1,115 Provision for credit losses — — — — — Loans charged-off (1,476) (3,007) (263) (265) (5,011) Recoveries 325 293 237 396 1,251 Total ending allowance balance $ 3,910 $ 17,573 $ 10,339 $ 635 $ 32,457 The Company recorded a $450 thousand provision for credit losses for the six months ended June 30, 2022, compared to no provision for the same period in 2021. The $450 thousand provision for credit losses is primarily attributed to an increase in total loans held for investment. The Company determined that no provision adjustment was necessary at June 30, 2021 due to the improved macroeconomic outlook. The following table provides the ending balance in the Company’s LHFI and the ACL, broken down by portfolio segment as of June 30, 2022 and December 31, 2021 ($ in thousands). June 30, 2022 Commercial, Commercial Consumer Consumer Total LHFI Individually evaluated $ 218 $ 1,487 $ 312 $ — $ 2,017 Collectively evaluated 402,401 1,808,717 870,739 41,050 3,122,907 Total $ 402,619 $ 1,810,204 $ 871,051 $ 41,050 $ 3,124,924 Allowance for Credit Losses Individually evaluated $ — $ — $ 6 $ — $ 6 Collectively evaluated 4,511 18,668 8,746 469 32,394 Total $ 4,511 $ 18,668 $ 8,752 $ 469 $ 32,400 December 31, 2021 Commercial, Commercial Consumer Consumer Total LHFI Individually evaluated $ — $ 1,712 $ 1,858 $ — $ 3,570 Collectively evaluated 397,516 1,681,986 836,796 39,685 2,955,983 Total $ 397,516 $ 1,683,698 $ 838,654 $ 39,685 $ 2,959,553 Allowance for Credit Losses Individually evaluated $ — $ 4 $ 2 $ — $ 6 Collectively evaluated 4,873 17,548 7,887 428 30,736 Total $ 4,873 $ 17,552 $ 7,889 $ 428 $ 30,742

COVID-19 UPDATE

COVID-19 UPDATE	6 Months Ended
	Jun. 30, 2022
Unusual or Infrequent Items, or Both [Abstract]
COVID-19 UPDATE	COVID-19 UPDATE The COVID-19 pandemic continues to have significant effects on global markets, supply chains, businesses and communities. COVID-19 could potentially impact the Company’s future financial condition and results of operations including but not limited to additional credit loss reserves, additional collateral and/or modifications to debt obligations, liquidity, limited dividend payouts or potential shortages of personnel. The pandemic is having an adverse impact on certain industries the Company serves, including hotels, restaurants, retail, and direct energy. As of June 30, 2022, the Company’s aggregate outstanding exposure in these segments was $526.9 million. While it is still not yet possible to know the full effect that the pandemic will have on the economy, or to what extent this crisis will continue to impact the Company, all available current industry statistics and internal monitoring of loan repayment ability and payment forgiveness across the portfolio has been analyzed in an attempt to understand the correlation with asset quality and degree of possible deterioration. It is unknown how long the adverse conditions associated with the COVID-19 pandemic will last and what the complete financial effect will be to the Company. It is reasonably possible that estimates made in the financial statements could be materially and adversely impacted in the near term as a result of these conditions, including the determination of the allowance for credit losses, fair value of financial instruments, impairment of goodwill and other intangible assets and income taxes.

RECLASSIFICATION

RECLASSIFICATION	6 Months Ended
	Jun. 30, 2022
RECLASSIFICATION
RECLASSIFICATION	RECLASSIFICATIONCertain amounts in the 2021 financial statements have been reclassified for comparative purposes to conform to the current period financial statement presentation.

SUBSEQUENT EVENTS_OTHER

SUBSEQUENT EVENTS/OTHER	3 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS/OTHER	SUBSEQUENT EVENTS/OTHER Heritage Southeast Bank On July 27, 2022, the Company entered into an Agreement and Plan of Merger (the "HSBI Merger Agreement") with Heritage Southeast Bancorporation, Inc., a Georgia corporation ("HSBI"), whereby HSBI will be merged with and into the Company. Pursuant to and simultaneously with entering into the HSBI Merger Agreement, The First Bank and HSBI's wholly owned subsidiary bank, Heritage Southeast Bank, entered into a Plan of Bank Merger whereby Heritage Southeast Bank will be merged with and into The First immediately following the merger of HSBI with and into the Company. Each share of HSBI common stock will, at the effective time of the transaction, be converted into 0.965 of a share of Company common stock, representing a purchase price, as of the announcement date, of approximately $207.0 million. At June 30, 2022, HSBI had approximately $1.7 billion in assets, $1.1 billion in loans, and $1.5 billion in deposits. The closing of the transactions contemplated by the HSBI Merger Agreement is subject to the satisfaction of customary closing conditions, including regulatory approvals and the approval of the shareholders of each of the Company and HSBI. Beach Bancorp, Inc. On August 1, 2022, the Company completed its acquisition of Beach Bancorp, Inc. ("BBI") pursuant to an Agreement and Plan of Merger dated April 26, 2022 by and between the Company and BBI (the "BBI Merger Agreement"). Upon the completion of the merger of BBI with and into the Company, Beach Bank, BBI's wholly-owned subsidiary, was merged with and into The First Bank. Under the terms of the BBI Merger Agreement, each share of BBI common stock and each share of BBI preferred stock was converted into the right to receive 0.1711 of a share of Company common stock (the "BBI Exchange Ratio"), and all stock options awarded under the BBI equity plans were converted automatically into an option to purchase shares of Company common stock on the same terms and conditions as applicable to each such BBI option as in effect immediately prior to the effective time, with the number of shares underlying each such option and the applicable exercise price adjusted based on the BBI Exchange Ratio. The BBI merger provides the opportunity for the Company to expand its operations in the Florida panhandle and enter the Tampa market. The Company paid consideration of approximately $101.5 million to the former BBI shareholders including 3,498,936 shares of the Company's common stock and approximately $1 thousand in cash in lieu of fractional shares, and also assumed options entitling the owners thereof to purchase an additional 310,427 shares of the Company's common stock. At June 30, 2022, BBI had approximately $619.3 million in total assets, total loans $485.5 million, and $486.1 million in total deposits. The purchase price allocation and certain fair value measurements are not complete due to the timing of the closing of the BBI Merger. Due to the recent closing, management remains in the early stages of reviewing the estimated fair values and evaluating the assumed tax positions of the BBI Merger. Pro-forma financial information is not available to be disclosed due to the timing of the closing of the BBI Merger.

Accounting Changes and Error Co

Accounting Changes and Error Corrections (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements, Policy	Effect of Recently Adopted Accounting Standards In November 2021, FASB issued Accounting Standard Update (“ASU”) No. 2021-10, Government Assistance (Topic 832): “Disclosures by Business Entities about Government Assistance.” These amendments are expected to increase transparency in financial reporting by requiring business entities to disclose information about certain types of government assistance they receive. The Company adopted ASU 2021-10 effective January 1, 2022. Adoption of ASU 2021-10 did not have a material impact to the Company’s consolidated financial statements. New Accounting Standards That Have Not Yet Been Adopted In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-04, Reference Rate Reform (ASC 848): “Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” This ASU provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. The Company is assessing ASU 2020-04 and its impact on the Company’s transition away from LIBOR for its loan and other financial instruments. In October 2021, FASB issued ASU No. 2021-08, Business Combination (Topic 805): “Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.” This ASU requires entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The amendment improves comparability after the business combination by providing consistent recognition and measurement guidance for revenue contracts with customers acquired in a business combination and revenue contracts with customers not acquired in a business combination. This ASU is effective for the Company after December 15, 2022. The Company is assessing ASU 2021-08 and its impact on the Company’s consolidated financial statements. In March 2022, FASB issued ASU No. 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures.” These amendments eliminate the TDR recognition and measurement guidance and instead require that an entity evaluate whether the modification represents a new loan or a continuation of an existing loan. The amendments also enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. For public business entities, these amendments require that an entity disclose current period gross write-offs by year of origination for financing receivables and net investment in leases within the scope of Subtopic 326-20. Gross write-off information must be included in the vintage disclosures required for public business entities in accordance with paragraph 326-20-50-6, which requires that an entity disclose the amortized cost basis of financing receivables by credit quality indicator and class of financing receivable by year of origination. This ASU is effective for the Company after December 15, 2022. The Company is assessing ASU 2022-02 and its impact on the Company’s consolidated financial statements.

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the provisional fair values of the assets acquired and liabilities assumed and the goodwill (bargain purchase gain) generated from the transaction ($ in thousands): Purchase price: Cash $ 1,000 Total purchase price 1,000 Identifiable assets: Cash $ 359,916 Loans 40,262 Core deposit intangible 2,890 Personal and real property 9,675 Other assets 135 Total assets 412,878 Liabilities and equity: Deposits 410,171 Other liabilities 126 Total liabilities 410,297 Net assets acquired 2,581 Bargain purchase gain $ (1,581)
Business Acquisition, Pro Forma Information	The following table presents certain supplemental pro forma information, for illustrative purposes only, for the six months ended June 30, 2022 and 2021 as if the Cadence Branches acquisitions had occurred on January 1, 2021. The pro forma financial information is not necessarily indicative of the results of operations had the acquisitions been effective as of this date. ($ in thousands) (unaudited) (unaudited) Pro-Forma Pro-Forma Six Months Ended Six Months Ended Net interest income $ 80,740 $ 77,279 Non-interest income 19,821 18,295 Total revenue 100,561 95,574 Income before income taxes 41,996 40,857

EARNINGS APPLICABLE TO COMMON_2

EARNINGS APPLICABLE TO COMMON SHAREHOLDERS (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Reconciliation of Numerators and Denominators of Basic and Diluted Computations Applicable to Common Shareholders	The following tables disclose the reconciliation of the numerators and denominators of the basic and diluted computations applicable to common shareholders ($ in thousands, except per share amount): Three Months Ended Three Months Ended Net Income Shares Per Net Income Shares Per Basic earnings per share $ 15,753 20,507,451 $ 0.77 $ 15,600 21,018,772 $ 0.74 Effect of dilutive shares: Restricted stock grants 108,477 188,288 Diluted earnings per share $ 15,753 20,615,928 $ 0.76 $ 15,600 21,207,060 $ 0.74 For the Six Months Ended For the Six Months Ended Net Income Shares Per Net Income Shares Per Basic earnings per share $ 32,582 20,602,698 $ 1.58 $ 32,244 21,013,930 $ 1.53 Effect of dilutive shares: Restricted stock grants 122,847 182,147 Diluted earnings per share $ 32,582 20,725,545 $ 1.57 $ 32,244 21,196,077 $ 1.52

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)	6 Months Ended
	Jun. 30, 2022
Risks and Uncertainties [Abstract]
Schedule of financial instruments with off-balance sheet risk	The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. At June 30, 2022, and December 31, 2021 these financial instruments consisted of the following: ($ in thousands) June 30, 2022 December 31, 2021 Fixed Rate Variable Rate Fixed Rate Variable Rate Commitments to make loans $ 102,763 $ 5,582 $ 80,760 $ 23,946 Unused lines of credit 270,342 314,136 213,332 309,791 Standby letters of credit 4,045 9,256 2,586 9,737
Schedule of changes in the ACL on OBSC exposures	Changes in the ACL on OBSC exposures were as follows for the presented periods: ($ in thousands) Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Balance at beginning of period $ 1,070 $ 718 $ 1,070 $ — Adoption of ASU 326 — — — 718 Credit loss expense related to OBSC exposures 150 — 150 — Balance at end of period $ 1,220 $ 718 $ 1,220 $ 718

FAIR VALUE DISCLOSURES AND RE_2

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of estimated fair values	Estimated fair values for the Company’s financial instruments are as follows, as of the dates noted: June 30, 2022 Carrying Estimated Fair Value Measurements ($ in thousands) Quoted Prices Significant Significant Financial Instruments: Assets: Cash and cash equivalents $ 356,771 $ 356,771 $ 356,771 $ — $ — Securities available-for-sale: U.S. Treasury 126,841 126,841 126,841 — — Obligations of U.S. government agencies and sponsored entities 158,660 158,660 — 158,660 — Municipal securities 591,818 591,818 — 573,561 18,257 Mortgage-backed securities 574,634 574,634 — 574,634 — Corporate obligations 37,294 37,294 — 37,262 32 Securities held-to-maturity 593,154 561,333 — 561,333 — Loans, net 3,092,524 3,115,862 — — 3,115,862 Accrued interest receivable 24,543 24,543 — 9,211 15,332 Liabilities: Noninterest-bearing deposits $ 822,841 $ 822,841 $ — $ 822,841 $ — Interest-bearing deposits 4,483,356 4,331,370 — 4,331,370 — Subordinated debentures 144,876 145,055 — — 145,055 Accrued interest payable 1,607 1,607 — 1,607 — December 31, 2021 Carrying Estimated Fair Value Measurements ($ in thousands) Quoted Significant Significant Financial Instruments: Assets: Cash and cash equivalents $ 919,713 $ 919,713 $ 919,713 $ — $ — Securities available-for-sale: U.S. Treasury 135,158 135,158 135,158 — — Obligations of U.S. government agencies and sponsored entities 183,021 183,021 — 183,021 — Municipal securities 708,502 708,502 — 688,379 20,123 Mortgage-backed securities 688,298 688,298 — 688,298 — Corporate obligations 36,853 36,853 — 36,810 43 Loans, net 2,928,811 2,956,297 — — 2,956,297 Accrued interest receivable 23,256 23,256 — 6,838 16,418 Liabilities: Non-interest-bearing deposits $ 756,118 $ 756,118 $ — $ 756,118 $ — Interest-bearing deposits 4,470,666 4,431,771 — 4,431,771 — Subordinated debentures 144,726 156,952 — — 156,952 Accrued interest payable 1,711 1,711 — 1,711 —
Schedule of assets measured at fair value on a recurring basis	Assets measured at fair value on a recurring basis are summarized below: June 30, 2022 ($ in thousands) Fair Value Fair Value Measurements Using Quoted Prices in Significant Other Significant Available-for-sale U.S. Treasury $ 126,841 $ 126,841 $ — $ — Obligations of U.S. Government agencies and sponsored entities 158,660 — 158,660 — Municipal securities 591,818 — 573,561 18,257 Mortgage-backed securities 574,634 — 574,634 — Corporate obligations 37,294 — 37,262 32 Total available-for-sale $ 1,489,247 $ 126,841 $ 1,344,117 $ 18,289 December 31, 2021 ($ in thousands) Fair Value Fair Value Measurements Using Quoted Prices in Significant Other Significant Available-for-sale U.S. Treasury $ 135,158 $ 135,158 $ — $ — Obligations of U.S. Government agencies and sponsored entities 183,021 — 183,021 — Municipal securities 708,502 — 688,379 20,123 Mortgage-backed securities 688,298 — 688,298 — Corporate obligations 36,853 — 36,810 43 Total available-for-sale $ 1,751,832 $ 135,158 $ 1,596,508 $ 20,166
Schedule of reconciliation of activity for assets measured at fair value based on significant unobservable inputs (Level 3)	The following is a reconciliation of activity for assets measured at fair value based on significant unobservable inputs (Level 3) information. Bank-Issued Trust ($ in thousands) 2022 2021 Balance, January 1 $ 43 $ 235 Paydowns (11) (55) Unrealized gain included in comprehensive income — 38 Balance at June 30 $ 32 $ 218 Municipal Securities ($ in thousands) 2022 2021 Balance, January 1 $ 20,123 $ 20,126 Purchases — 4,189 Maturities, calls and paydowns (236) (4,185) Unrealized loss included in comprehensive income (1,630) (26) Balance at June 30 $ 18,257 $ 20,104
Schedule of quantitative information about recurring Level 3 fair value measurements	The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a recurring basis at June 30, 2022 and December 31, 2021. The following tables present quantitative information about recurring Level 3 fair value measurements ($ in thousands): Trust Preferred Securities Fair Value Valuation Technique Significant Unobservable Range of Inputs June 30, 2022 $ 32 Discounted cash flow Probability of default 4.25% - 4.72% December 31, 2021 $ 43 Discounted cash flow Probability of default 2.35% - 2.47% Municipal Securities Fair Value Valuation Technique Significant Range of Inputs June 30, 2022 $ 18,257 Discounted cash flow Discount Rate 2.00% - 3.90% December 31, 2021 $ 20,123 Discounted cash flow Discount Rate 0.50% - 1.90%
Schedule of fair value measurement of assets measured at fair value on a non-recurring basis and the level within the fair value hierarchy	The following table presents the fair value measurement of assets measured at fair value on a non-recurring basis and the level within the fair value hierarchy in which the fair value measurements were classified at June 30, 2022 and December 31, 2021. June 30, 2022 ($ in thousands) Fair Value Measurements Using Fair Value Quoted Prices in Significant Significant Collateral dependent loans $ 2,011 $ — $ — $ 2,011 Other real estate owned 1,985 — — 1,985 December 31, 2021 ($ in thousands) Fair Value Measurements Using Fair Value Quoted Prices in Significant Significant Collateral dependent loans $ 3,564 $ — $ — $ 3,564 Other real estate owned 2,565 — — 2,565

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2022
SECURITIES
Schedule of amortized costs, gross unrealized gains and losses, and estimated fair values	The following table summarizes the amortized cost, gross unrealized gains and losses, and estimated fair values of securities available-for-sale (“AFS”) and securities held-to-maturity at June 30, 2022 and December 31, 2021. ($ in thousands) June 30, 2022 Amortized Gross Gross Estimated Available-for-sale securities: U.S. Treasury $ 135,820 $ — $ 8,979 $ 126,841 Obligations of U.S. government agencies and sponsored entities 172,020 16 13,375 158,660 Tax-exempt and taxable obligations of states and municipal subdivisions 671,353 1,126 80,661 591,818 Mortgage-backed securities - residential 368,957 71 29,201 339,827 Mortgage-backed securities - commercial 251,865 118 17,176 234,807 Corporate obligations 38,326 83 1,115 37,294 Total available-for-sale $ 1,638,341 $ 1,413 $ 150,507 $ 1,489,247 Held-to-maturity: U.S. Treasury $ 109,527 $ — $ 3,403 $ 106,124 Obligations of U.S. government agencies and sponsored entities 33,127 — 489 32,638 Tax-exempt and taxable obligations of states and municipal subdivisions 146,958 162 11,576 135,544 Mortgage-backed securities - residential 163,453 — 10,139 153,314 Mortgage-backed securities - commercial 130,089 66 5,793 124,362 Corporate obligations 10,000 — 649 9,351 Total held-to-maturity $ 593,154 $ 228 $ 32,049 $ 561,333 ($ in thousands) December 31, 2021 Amortized Gross Gross Estimated Available-for-sale securities: U.S. Treasury $ 135,889 $ 83 $ 814 $ 135,158 Obligations of U.S. government agencies sponsored entities 182,877 1,238 1,094 183,021 Tax-exempt and taxable obligations of states and municipal subdivisions 698,861 12,452 2,811 708,502 Mortgage-backed securities - residential 410,269 4,123 3,425 410,967 Mortgage-backed securities - commercial 277,353 2,917 2,939 277,331 Corporate obligations 35,904 962 13 36,853 Total available-for-sale $ 1,741,153 $ 21,775 $ 11,096 $ 1,751,832
Schedule of credit quality debt securities held-to-maturity	The following table summarizes the amortized cost of debt securities held-to-maturity at June 30, 2022, aggregated by credit quality indicators. ($ in thousands) June 30, 2022 A2 $ 1,419 Aa1/Aa2/Aa3 19,711 Aaa 446,055 Not rated 125,969 Total $ 593,154
Schedule of amortized cost and fair value of debt securities by contractual maturity	($ in thousands) June 30, 2022 Amortized Fair Available-for-sale: Due less than one year $ 27,963 $ 27,852 Due after one year through five years 269,064 257,549 Due after five years through ten years 387,471 350,647 Due greater than ten years 333,021 278,565 Mortgage-backed securities - residential 368,957 339,827 Mortgage-backed securities - commercial 251,865 234,807 Total $ 1,638,341 $ 1,489,247 Held-to-maturity: Due less than one year $ 20,798 $ 20,545 Due after one year through five years 109,904 106,351 Due after five years through ten years 35,543 33,601 Due greater than ten years 133,367 123,160 Mortgage-backed securities - residential 163,453 153,314 Mortgage-backed securities - commercial 130,089 124,362 Total $ 593,154 $ 561,333
Schedule of securities classified as available-for-sale and held-to-maturity with unrealized losses	The following table summarizes securities in an unrealized loss position for which an allowance for credit losses has not been recorded at June 30, 2022 and December 31, 2021. There were no held-to-maturity securities at December 31, 2021. The securities are aggregated by major security type and length of time in a continuous unrealized loss position: ($ in thousands) June 30, 2022 Losses < 12 Months Losses 12 Months or > Total Fair Gross Fair Gross Fair Gross Available-for-sale: U.S. Treasury $ 124,260 $ 8,794 $ 2,582 $ 185 $ 126,842 $ 8,979 Obligations of U.S. government agencies and sponsored entities 152,689 12,837 4,503 538 157,192 13,375 Tax-exempt and taxable obligations of state and municipal subdivisions 477,118 70,673 58,393 9,988 535,511 80,661 Mortgage-backed securities - residential 299,279 24,606 31,500 4,595 330,779 29,201 Mortgage-backed securities - commercial 182,312 13,954 30,647 3,222 212,959 17,176 Corporate obligations 27,684 1,111 27 4 27,711 1,115 Total $ 1,263,342 $ 131,975 $ 127,652 $ 18,532 $ 1,390,994 $ 150,507 Held-to-maturity: U.S. Treasury $ 106,124 $ 3,403 $ — $ — $ 106,124 $ 3,403 Obligations of U.S. government agencies and sponsored entities 32,638 489 — — 32,638 489 Tax-exempt and taxable obligations of state and municipal subdivisions 86,881 11,576 — — 86,881 11,576 Mortgage-backed securities - residential 153,314 10,139 — — 153,314 10,139 Mortgage-backed securities - commercial 119,649 5,793 — — 119,649 5,793 Corporate obligations 9,351 649 — — 9,351 649 Total $ 507,957 $ 32,049 $ — $ — $ 507,957 $ 32,049 ($ in thousands) December 31, 2021 Losses < 12 Months Losses 12 Months or > Total Fair Gross Fair Gross Fair Gross U.S. Treasury $ 130,098 $ 814 $ — $ — $ 130,098 $ 814 Obligations of U.S. government agencies and sponsored entities 121,402 933 5,254 161 126,656 1,094 Tax-exempt and taxable obligations of state and municipal subdivisions 249,430 2,692 3,692 119 253,122 2,811 Mortgage-backed securities - residential 284,183 3,228 8,912 197 293,095 3,425 Mortgage-backed securities - commercial 174,697 2,836 3,038 103 177,735 2,939 Corporate obligations 6,692 8 42 5 6,734 13 Total $ 966,502 $ 10,511 $ 20,938 $ 585 $ 987,440 $ 11,096

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Schedule of composition of loan portfolio	The following table shows the composition of the loan portfolio: ($ in thousands) June 30, 2022 December 31, 2021 Loans held for sale Mortgage loans held for sale $ 6,703 $ 7,678 Total LHFS $ 6,703 $ 7,678 Loans held for investment Commercial, financial and agriculture (1) $ 402,619 $ 397,516 Commercial real estate 1,810,204 1,683,698 Consumer real estate 871,051 838,654 Consumer installment 41,050 39,685 Total loans 3,124,924 2,959,553 Less allowance for credit losses (32,400) (30,742) Net LHFI $ 3,092,524 $ 2,928,811 ____________________________________________________________ (1) Loan balance includes $6.3 million and $41.1 million in Paycheck Protection Program (“PPP”) loans as of June 30, 2022 and December 31, 2021, respectively.
Schedule of Company's loans that are past due and nonaccrual loans including PCD loans	The following tables presents the aging of the amortized cost basis in past due loans in addition to those loans classified as nonaccrual including purchase credit deteriorated (“PCD”) loans: ($ in thousands) June 30, 2022 Past Due Past Due Nonaccrual PCD Total Total Nonaccrual Commercial, financial and agriculture (1) $ 207 $ 527 $ 335 $ — $ 1,069 $ 402,619 $ 218 Commercial real estate 1,894 — 17,733 1,402 21,029 1,810,204 1,487 Consumer real estate 1,437 — 2,928 1,276 5,641 871,051 90 Consumer installment 194 — 4 — 198 41,050 — Total $ 3,732 $ 527 $ 21,000 $ 2,678 $ 27,937 $ 3,124,924 $ 1,795 ___________________________________________________________ (1) Total loan balance includes $6.3 million in PPP loans as of June 30, 2022. December 31, 2021 ($ in thousands) Past Due Past Due 90 Nonaccrual PCD Total Total Nonaccrual Commercial, financial and agriculture (1) $ 246 $ — $ 190 $ — $ 436 $ 397,516 $ — Commercial real estate 453 — 19,445 2,082 21,980 1,683,698 1,661 Consumer real estate 2,140 45 3,776 2,512 8,473 838,654 1,488 Consumer installment 121 — 7 1 129 39,685 — Total $ 2,960 $ 45 $ 23,418 $ 4,595 $ 31,018 $ 2,959,553 $ 3,149 ___________________________________________________________ (1) Total loan balance includes $41.1 million in PPP loans as of December 31, 2021.
Schedule of troubled debt restructurings	The following table presents LHFI by class modified as TDRs that occurred during the three and six months ended June 30, 2022 and 2021. ($ in thousands, except for number of loans) Three Months Ended June 30, 2022 Number of Outstanding Outstanding Commercial, financial and agriculture 1 $ 15 $ 15 Total 1 $ 15 $ 15 2021 Commercial real estate 2 $ 237 $ 237 Consumer real estate 1 $ 54 $ 44 Total 3 $ 291 $ 281 The TDRs presented above increased the ACL $0 and $21 thousand and resulted in no charge-offs for the three months period ended June 30, 2022 and 2021, respectively. ($ in thousands, except for number of loans) Six Months Ended June 30, 2022 Number of Outstanding Outstanding Commercial, financial and agriculture 1 $ 15 $ 15 Total 1 $ 15 $ 15 2021 Commercial real estate 2 $ 237 $ 237 Consumer real estate 1 $ 54 $ 44 Total 3 $ 291 $ 281 The TDRs presented above increased the ACL $0 and $21 thousand and resulted in no charge-offs for the six months period ended June 30, 2022 and 2021, respectively. The following table presents loans by class modified as TDRs for which there was a payment default within twelve months following the modification ($ in thousands, except for number of loans). Troubled Debt Restructurings That Subsequently Defaulted: Six Months Ended June 30, 2022 2021 Number of Recorded Number of Recorded Commercial real estate 3 $ 4,562 3 $ 1,027 Consumer real estate 3 133 1 44 Total 6 $ 4,695 4 $ 1,071 The modifications described above included one of the following or a combination of the following: maturity date extensions, interest only payments, amortizations were extended beyond what would be available on similar type loans, and payment waiver. No interest rate concessions were given on these loans nor were any of these loans written down. A loan is considered to be in a payment default once it is 30 days contractually past due under the modified terms. The TDRs presented above increased the ACL $1.5 million and $238 thousand and resulted in no charge-offs for the six months period ended June 30, 2022 and 2021, respectively. The following tables represents the Company’s TDRs at June 30, 2022 and December 31, 2021: June 30, 2022 Current Past Due Past Due 90 Nonaccrual Total ($ in thousands) Commercial, financial and agriculture $ 15 $ — $ — $ 65 $ 79 Commercial real estate 3,142 — — 15,849 18,991 Consumer real estate 1,157 — — 902 2,059 Consumer installment 15 — — — 15 Total $ 4,329 $ — $ — $ 16,816 $ 21,144 Allowance for credit losses $ 53 $ — $ — $ 3,778 $ 3,831 December 31, 2021 Current Past Due Past Due 90 Nonaccrual Total ($ in thousands) Commercial, financial and agriculture $ 63 $ — $ — $ 107 $ 170 Commercial real estate 3,367 — — 16,858 20,225 Consumer real estate 1,772 — — 1,973 3,745 Consumer installment 18 — — — 18 Total $ 5,220 $ — $ — $ 18,938 $ 24,158 Allowance for credit losses $ 90 $ — $ — $ 4,217 $ 4,307
Schedule of amortized cost basis of loans by credit quality indicator and class of loans based on the most recent analysis performed and risk category of loans by class of loans	The tables below present the amortized cost basis of loans by credit quality indicator and class of loans based on the most recent analysis performed at June 30, 2022 and December 31, 2021. Revolving loans converted to term as of the six months ended June 30, 2022 and December 31, 2021 were not material to the total loan portfolio. As of June 30, 2022 Term Loans Amortized Cost Basis by Origination Year Revolving Total ($ in thousands) 2022 2021 2020 2019 2018 Prior Commercial, financial and agriculture: Risk Rating Pass $ 78,092 $ 118,432 $ 50,598 $ 46,425 $ 46,582 $ 60,811 $ 66 $ 401,006 Special mention — — 218 336 — 416 — 970 Substandard 35 40 — 47 50 471 — 643 Doubtful — — — — — — — — Total commercial, financial and agriculture $ 78,126 $ 118,472 $ 50,816 $ 46,808 $ 46,632 $ 61,698 $ 66 $ 402,619 Commercial real estate: Risk Rating Pass $ 288,699 $ 417,922 $ 283,843 $ 185,986 $ 149,012 $ 396,464 $ — $ 1,721,925 Special mention — 1,309 2,269 1,725 6,911 13,889 — 26,104 Substandard — 4,973 2,761 2,284 16,362 35,121 — 61,501 Doubtful — — — — — 675 — 675 Total commercial real estate $ 288,699 $ 424,204 $ 288,874 $ 189,995 $ 172,284 $ 446,149 $ — $ 1,810,204 Consumer real estate: Risk Rating Pass $ 139,239 $ 224,599 $ 135,559 $ 56,347 $ 55,459 $ 144,043 $ 99,869 $ 855,114 Special mention — — — 201 26 3,028 — 3,254 Substandard 53 424 420 653 2,569 7,145 1,418 12,683 Doubtful — — — — — — — — Total consumer real estate $ 139,292 $ 225,023 $ 135,978 $ 57,201 $ 58,053 $ 154,215 $ 101,287 $ 871,051 Consumer installment: Risk Rating Pass $ 10,954 $ 13,170 $ 6,613 $ 2,895 $ 998 $ 1,853 $ 4,502 $ 40,986 Special mention — — — — — — — — Substandard 22 4 23 2 3 9 — 63 Doubtful — — — — — — — — Total consumer installment $ 10,976 $ 13,175 $ 6,636 $ 2,897 $ 1,001 $ 1,863 $ 4,502 $ 41,050 Total Pass $ 516,984 $ 774,123 $ 476,613 $ 291,654 $ 252,050 $ 603,170 $ 104,438 $ 3,019,031 Special mention — 1,309 2,488 2,261 6,937 17,333 — 30,328 Substandard 109 5,441 3,204 2,986 18,984 42,746 1,418 74,890 Doubtful — — — — — 675 — 675 Total $ 517,093 $ 780,874 $ 482,304 $ 296,901 $ 277,971 $ 663,924 $ 105,856 $ 3,124,924 As of December 31, 2021 Term Loans Amortized Cost Basis by Origination Year Revolving Total ($ in thousands) 2021 2020 2019 2018 2017 Prior Commercial, financial and: agriculture Risk Rating Pass $ 152,798 $ 60,106 $ 52,802 $ 47,988 $ 22,083 $ 43,773 $ 178 $ 379,728 Special mention — 255 749 90 481 29 — 1,604 Substandard — — 1,398 6,184 360 8,242 — 16,184 Doubtful — — — — — — — — Total commercial, financial and agriculture $ 152,798 $ 60,361 $ 54,949 $ 54,262 $ 22,924 $ 52,044 $ 178 $ 397,516 Commercial real estate: Risk Rating Pass $ 402,284 $ 313,288 $ 207,879 $ 177,943 $ 134,234 $ 332,588 $ — $ 1,568,216 Special mention 1,326 2,259 1,782 15,076 2,779 15,519 — 38,741 Substandard 3,904 3,189 1,931 17,147 18,814 31,756 — 76,741 Doubtful — — — — — — — — Total commercial real estate $ 407,514 $ 318,736 $ 211,592 $ 210,166 $ 155,827 $ 379,863 $ — $ 1,683,698 Consumer real estate: Risk Rating Pass $ 243,340 $ 164,359 $ 70,465 $ 66,940 $ 51,988 $ 121,238 $ 98,444 $ 816,774 Special mention — — 331 26 1,746 1,949 — 4,052 Substandard 444 532 1,280 3,410 1,288 9,241 1,633 17,828 Doubtful — — — — — — — — Total consumer real estate $ 243,784 $ 164,891 $ 72,076 $ 70,376 $ 55,022 $ 132,428 $ 100,077 $ 838,654 Consumer installment: Risk Rating Pass $ 17,980 $ 9,245 $ 4,222 $ 1,645 $ 1,088 $ 1,758 $ 3,697 $ 39,635 Special mention — — — — 1 — — 1 Substandard — 26 3 5 8 7 — 49 Doubtful — — — — — — — — Total consumer installment $ 17,980 $ 9,271 $ 4,225 $ 1,650 $ 1,097 $ 1,765 $ 3,697 $ 39,685 Total Pass $ 816,402 $ 546,998 $ 335,368 $ 294,516 $ 209,393 $ 499,357 $ 102,319 $ 2,804,353 Special mention 1,326 2,514 2,862 15,192 5,007 17,497 — 44,398 Substandard 4,348 3,747 4,612 26,746 20,470 49,246 1,633 110,802 Doubtful — — — — — — — — Total $ 822,076 $ 553,259 $ 342,842 $ 336,454 $ 234,870 $ 566,100 $ 103,952 $ 2,959,553
Schedule of allowance for credit losses	The following table presents the activity in the allowance for credit losses by portfolio segment for the three and six months ended June 30, 2022 and 2021: ($ in thousands) Three Months Ended June 30, 2022 Commercial, Commercial Consumer Consumer Total Allowance for credit losses: Beginning balance $ 4,874 $ 17,773 $ 8,492 $ 481 $ 31,620 Provision for credit losses (313) 629 62 72 450 Loans charged-off (94) (24) (140) (168) (426) Recoveries 44 290 338 84 756 Total ending allowance balance $ 4,511 $ 18,668 $ 8,752 $ 469 $ 32,400 ($ in thousands) Six Months Ended June 30, 2022 Commercial, Commercial Consumer Consumer Total Allowance for credit losses: Beginning balance $ 4,873 $ 17,552 $ 7,889 $ 428 $ 30,742 Provision for credit losses (313) 629 62 72 450 Loans charged-off (146) (27) (147) (337) (657) Recoveries 97 514 948 306 1,865 Total ending allowance balance $ 4,511 $ 18,668 $ 8,752 $ 469 $ 32,400 ($ in thousands) Three Months Ended June 30, 2021 Commercial, Commercial Consumer Consumer Total Allowance for credit losses: Beginning balance $ 4,158 $ 17,578 $ 10,280 $ 647 $ 32,663 Provision for credit losses — — — — — Loans charged-off (490) (166) (124) (108) (888) Recoveries 242 161 183 96 682 Total ending allowance balance $ 3,910 $ 17,573 $ 10,339 $ 635 $ 32,457 ($ in thousands) Six Months Ended June 30, 2021 Commercial, Commercial Consumer Consumer Total Allowance for credit losses: Beginning balance $ 6,214 $ 24,319 $ 4,736 $ 551 $ 35,820 Impact of ASC 326 adoption on non-PCD loans (1,319) (4,607) 5,257 (49) (718) Impact of ASC 326 adoption on PCD loans 166 575 372 2 1,115 Provision for credit losses — — — — — Loans charged-off (1,476) (3,007) (263) (265) (5,011) Recoveries 325 293 237 396 1,251 Total ending allowance balance $ 3,910 $ 17,573 $ 10,339 $ 635 $ 32,457 The Company recorded a $450 thousand provision for credit losses for the six months ended June 30, 2022, compared to no provision for the same period in 2021. The $450 thousand provision for credit losses is primarily attributed to an increase in total loans held for investment. The Company determined that no provision adjustment was necessary at June 30, 2021 due to the improved macroeconomic outlook. The following table provides the ending balance in the Company’s LHFI and the ACL, broken down by portfolio segment as of June 30, 2022 and December 31, 2021 ($ in thousands). June 30, 2022 Commercial, Commercial Consumer Consumer Total LHFI Individually evaluated $ 218 $ 1,487 $ 312 $ — $ 2,017 Collectively evaluated 402,401 1,808,717 870,739 41,050 3,122,907 Total $ 402,619 $ 1,810,204 $ 871,051 $ 41,050 $ 3,124,924 Allowance for Credit Losses Individually evaluated $ — $ — $ 6 $ — $ 6 Collectively evaluated 4,511 18,668 8,746 469 32,394 Total $ 4,511 $ 18,668 $ 8,752 $ 469 $ 32,400 December 31, 2021 Commercial, Commercial Consumer Consumer Total LHFI Individually evaluated $ — $ 1,712 $ 1,858 $ — $ 3,570 Collectively evaluated 397,516 1,681,986 836,796 39,685 2,955,983 Total $ 397,516 $ 1,683,698 $ 838,654 $ 39,685 $ 2,959,553 Allowance for Credit Losses Individually evaluated $ — $ 4 $ 2 $ — $ 6 Collectively evaluated 4,873 17,548 7,887 428 30,736 Total $ 4,873 $ 17,552 $ 7,889 $ 428 $ 30,742
Financing Receivable, Allowance for Credit Loss	The following table presents the amortized cost basis of collateral dependent individually evaluated loans by class of loans as of June 30, 2022 and December 31, 2021: June 30, 2022 ($ in thousands) Real Property Equipment Total Commercial, financial and agriculture $ — $ 218 $ 218 Commercial real estate 1,487 — 1,487 Consumer real estate 312 — 312 Total $ 1,799 $ 218 $ 2,017 December 31, 2021 ($ in thousands) Real Property Total Commercial real estate $ 1,712 $ 1,712 Consumer real estate 1,858 1,858 Total $ 3,570 $ 3,570

SUMMARY OF ORGANIZATION - Addit

SUMMARY OF ORGANIZATION - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands				3 Months Ended				6 Months Ended
	Jul. 27, 2022	May 25, 2022	Feb. 25, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
SUBSEQUENT EVENTS
Loans, excluding Loans held for sale								$ 3,093,000
Deposits				$ 5,306,197				5,306,197		$ 5,226,784
Stockholders' equity				560,452	$ 590,440	$ 660,052	$ 643,949	560,452	$ 660,052	676,172	$ 644,815
Net income				15,753	$ 16,829	$ 15,600	$ 16,644	32,582	$ 32,244
Total assets				$ 6,037,425				$ 6,037,425		$ 6,077,414
Dividends on common stock, per share		$ 0.18	$ 0.17
Dividends declared				$ 0.18	$ 0.17	$ 0.14	$ 0.13
Subsequent Event
SUBSEQUENT EVENTS
Dividends declared	$ 0.19

BUSINESS COMBINATIONS - Narrati

BUSINESS COMBINATIONS - Narrative (Details) $ in Thousands		3 Months Ended		6 Months Ended
	Dec. 03, 2021 USD ($) item	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
BUSINESS COMBINATIONS
Bargain purchase gain	$ 1,600
Provision for credit loss		$ 450	$ 0	$ 450	$ 0
Cadence Bank, N.A
BUSINESS COMBINATIONS
Number of branches | item	7
Business combination, deposits	$ 410,171
Business combination, loans	40,262
Business combination, deposit premium	1,000
Bargain purchase gain	1,581
Finite-lived intangible assets acquired	2,900
Provision for credit loss	$ 370
Business combination, acquisition related costs		$ 232		$ 444
Cadence Bank, N.A | Core Deposits
BUSINESS COMBINATIONS
Acquired finite-lived intangible assets, weighted average useful life	10 years

BUSINESS COMBINATIONS - Summary

BUSINESS COMBINATIONS - Summary of Acquired Identifiable Assets and Liabilities (Details) $ in Thousands	Dec. 03, 2021 USD ($)
Liabilities and equity:
Bargain purchase gain	$ (1,600)
Cadence Bank, N.A
Purchase price:
Cash	1,000
Total purchase price	1,000
Identifiable assets:
Cash	359,916
Loans	40,262
Core deposit intangible	2,890
Personal and real property	9,675
Other assets	135
Total assets	412,878
Liabilities and equity:
Deposits	410,171
Other liabilities	126
Total liabilities	410,297
Net assets acquired	2,581
Bargain purchase gain	$ (1,581)

BUSINESS COMBINATIONS - Busines

BUSINESS COMBINATIONS - Business Acquisition, Pro Forma Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
BUSINESS COMBINATIONS
Total revenue	$ 100,561	$ 95,574
Income before income taxes	41,996	40,857
Net interest income
BUSINESS COMBINATIONS
Total revenue	80,740	77,279
Non-interest income
BUSINESS COMBINATIONS
Total revenue	$ 19,821	$ 18,295

EARNINGS APPLICABLE TO COMMON_3

EARNINGS APPLICABLE TO COMMON SHAREHOLDERS - Earnings Available to Common Stockholders (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net Income (Loss) Available to Common Stockholders, Basic	$ 15,753	$ 15,600	$ 32,582	$ 32,244
Net Income (Loss) Available to Common Stockholders, Diluted	$ 15,753	$ 15,600	$ 32,582	$ 32,244
Effect of dilutive shares:
Weighted average number of shares outstanding, basic earnings per share	20,507,451	21,018,772	20,602,698	21,013,930
Restricted stock grants (in shares)	108,477	188,288	122,847	182,147
Weighted Average Number of Shares Outstanding, Diluted	20,615,928	21,207,060	20,725,545	21,196,077
Basic earnings per share (in dollars per share)	$ 0.77	$ 0.74	$ 1.58	$ 1.53
Diluted earnings per share (in dollars per share)	$ 0.76	$ 0.74	$ 1.57	$ 1.52

EARNINGS APPLICABLE TO COMMON_4

EARNINGS APPLICABLE TO COMMON SHAREHOLDERS - Narrative (Details) - shares	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021
Earnings Per Share [Abstract]
Shares of restricted stock granted	47,827	82,123	3,000	84,578

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK - Schedule of Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fixed Rate
Financial instruments with off-balance-sheet risk
Commitments to make loans	$ 102,763	$ 80,760
Unused lines of credit	270,342	213,332
Standby letters of credit	4,045	2,586
Variable Rate
Financial instruments with off-balance-sheet risk
Commitments to make loans	5,582	23,946
Unused lines of credit	314,136	309,791
Standby letters of credit	$ 9,256	$ 9,737

FINANCIAL INSTRUMENTS WITH OF_4

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK - Additional Information (Details) - Off balance sheet risk	6 Months Ended
	Jun. 30, 2022
Minimum
Concentration Risk [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1%
Debt Instrument, Term	1 year
Maximum
Concentration Risk [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	18%
Debt Instrument, Term	30 years

FINANCIAL INSTRUMENTS WITH OF_5

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK - Changes in the ACL on OBSC Exposures (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Balance at beginning of period	$ 1,070	$ 718	$ 1,070	$ 0
Credit loss expense related to OBSC exposures	150	0	150	0
Balance at end of period	1,220	718	1,220	718
Cumulative Effect, Period of Adoption, Adjustment
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Adoption of ASU 326	$ 0	$ 0	$ 0	$ 718

FAIR VALUE DISCLOSURES AND RE_3

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS - Narrative (Details)	Jun. 30, 2022
Measurement Input, Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans and other real estate owned	10

FAIR VALUE DISCLOSURES AND RE_4

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS - Fair Values of Off-Balance Sheet Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets:
Cash and cash equivalents	$ 356,771	$ 919,713
Securities available-for-sale:	1,489,247	1,751,832
Amortized Cost	593,154	0
Securities held-to-maturity	561,333	0
Loans, net	3,092,524	2,928,811
Accrued interest receivable	24,543	23,256
Liabilities:
Noninterest-bearing deposits	822,841	756,118
Interest-bearing deposits	4,483,356	4,470,666
Subordinated debentures	144,876	144,726
Accrued interest payable	1,607	1,711
U.S. Treasury
Assets:
Securities available-for-sale:	126,841	135,158
Obligations of U.S. Government agencies and sponsored entities
Assets:
Securities available-for-sale:	158,660	183,021
Municipal securities
Assets:
Securities available-for-sale:	591,818	708,502
Mortgage-backed securities
Assets:
Securities available-for-sale:	574,634	688,298
Corporate obligations
Assets:
Securities available-for-sale:	37,294	36,853
Quoted Prices (Level 1)
Assets:
Cash and cash equivalents	356,771	919,713
Securities held-to-maturity	0
Loans, net	0	0
Accrued interest receivable	0	0
Liabilities:
Noninterest-bearing deposits	0	0
Interest-bearing deposits	0	0
Subordinated debentures	0	0
Accrued interest payable	0	0
Quoted Prices (Level 1) | U.S. Treasury
Assets:
Securities available-for-sale:	126,841	135,158
Quoted Prices (Level 1) | Obligations of U.S. Government agencies and sponsored entities
Assets:
Securities available-for-sale:	0	0
Quoted Prices (Level 1) | Municipal securities
Assets:
Securities available-for-sale:	0	0
Quoted Prices (Level 1) | Mortgage-backed securities
Assets:
Securities available-for-sale:	0	0
Quoted Prices (Level 1) | Corporate obligations
Assets:
Securities available-for-sale:	0	0
Significant Other Observable Inputs (Level 2)
Assets:
Cash and cash equivalents	0	0
Securities held-to-maturity	561,333
Loans, net	0	0
Accrued interest receivable	9,211	6,838
Liabilities:
Noninterest-bearing deposits	822,841	756,118
Interest-bearing deposits	4,331,370	4,431,771
Subordinated debentures	0	0
Accrued interest payable	1,607	1,711
Significant Other Observable Inputs (Level 2) | U.S. Treasury
Assets:
Securities available-for-sale:	0	0
Significant Other Observable Inputs (Level 2) | Obligations of U.S. Government agencies and sponsored entities
Assets:
Securities available-for-sale:	158,660	183,021
Significant Other Observable Inputs (Level 2) | Municipal securities
Assets:
Securities available-for-sale:	573,561	688,379
Significant Other Observable Inputs (Level 2) | Mortgage-backed securities
Assets:
Securities available-for-sale:	574,634	688,298
Significant Other Observable Inputs (Level 2) | Corporate obligations
Assets:
Securities available-for-sale:	37,262	36,810
Significant Unobservable Inputs (Level 3)
Assets:
Cash and cash equivalents	0	0
Securities held-to-maturity	0
Loans, net	3,115,862	2,956,297
Accrued interest receivable	15,332	16,418
Liabilities:
Noninterest-bearing deposits	0	0
Interest-bearing deposits	0	0
Subordinated debentures	145,055	156,952
Accrued interest payable	0	0
Significant Unobservable Inputs (Level 3) | U.S. Treasury
Assets:
Securities available-for-sale:	0	0
Significant Unobservable Inputs (Level 3) | Obligations of U.S. Government agencies and sponsored entities
Assets:
Securities available-for-sale:	0	0
Significant Unobservable Inputs (Level 3) | Municipal securities
Assets:
Securities available-for-sale:	18,257	20,123
Significant Unobservable Inputs (Level 3) | Mortgage-backed securities
Assets:
Securities available-for-sale:	0	0
Significant Unobservable Inputs (Level 3) | Corporate obligations
Assets:
Securities available-for-sale:	32	43
Estimated Fair Value
Assets:
Cash and cash equivalents	356,771	919,713
Securities held-to-maturity	561,333
Loans, net	3,115,862	2,956,297
Accrued interest receivable	24,543	23,256
Liabilities:
Noninterest-bearing deposits	822,841	756,118
Interest-bearing deposits	4,331,370	4,431,771
Subordinated debentures	145,055	156,952
Accrued interest payable	1,607	1,711
Estimated Fair Value | U.S. Treasury
Assets:
Securities available-for-sale:	126,841	135,158
Estimated Fair Value | Obligations of U.S. Government agencies and sponsored entities
Assets:
Securities available-for-sale:	158,660	183,021
Estimated Fair Value | Municipal securities
Assets:
Securities available-for-sale:	591,818	708,502
Estimated Fair Value | Mortgage-backed securities
Assets:
Securities available-for-sale:	574,634	688,298
Estimated Fair Value | Corporate obligations
Assets:
Securities available-for-sale:	$ 37,294	$ 36,853

FAIR VALUE DISCLOSURES AND RE_5

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS - Fair Value of Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	$ 1,489,247	$ 1,751,832
Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	1,489,247	1,751,832
U.S. Treasury
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	126,841	135,158
U.S. Treasury | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	126,841	135,158
Obligations of U.S. Government agencies and sponsored entities
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	158,660	183,021
Obligations of U.S. Government agencies and sponsored entities | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	158,660	183,021
Municipal securities
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	591,818	708,502
Municipal securities | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	591,818	708,502
Mortgage-backed securities
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	574,634	688,298
Mortgage-backed securities | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	574,634	688,298
Corporate obligations | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	37,294	36,853
Quoted Prices (Level 1) | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	126,841	135,158
Quoted Prices (Level 1) | U.S. Treasury
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	126,841	135,158
Quoted Prices (Level 1) | U.S. Treasury | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	126,841	135,158
Quoted Prices (Level 1) | Obligations of U.S. Government agencies and sponsored entities
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	0	0
Quoted Prices (Level 1) | Obligations of U.S. Government agencies and sponsored entities | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	0	0
Quoted Prices (Level 1) | Municipal securities
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	0	0
Quoted Prices (Level 1) | Municipal securities | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	0	0
Quoted Prices (Level 1) | Mortgage-backed securities
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	0	0
Quoted Prices (Level 1) | Mortgage-backed securities | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	0	0
Quoted Prices (Level 1) | Corporate obligations | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	0	0
Significant Other Observable Inputs (Level 2) | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	1,344,117	1,596,508
Significant Other Observable Inputs (Level 2) | U.S. Treasury
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	0	0
Significant Other Observable Inputs (Level 2) | U.S. Treasury | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	0	0
Significant Other Observable Inputs (Level 2) | Obligations of U.S. Government agencies and sponsored entities
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	158,660	183,021
Significant Other Observable Inputs (Level 2) | Obligations of U.S. Government agencies and sponsored entities | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	158,660	183,021
Significant Other Observable Inputs (Level 2) | Municipal securities
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	573,561	688,379
Significant Other Observable Inputs (Level 2) | Municipal securities | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	573,561	688,379
Significant Other Observable Inputs (Level 2) | Mortgage-backed securities
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	574,634	688,298
Significant Other Observable Inputs (Level 2) | Mortgage-backed securities | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	574,634	688,298
Significant Other Observable Inputs (Level 2) | Corporate obligations | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	37,262	36,810
Significant Unobservable Inputs (Level 3) | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	18,289	20,166
Significant Unobservable Inputs (Level 3) | U.S. Treasury
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	0	0
Significant Unobservable Inputs (Level 3) | U.S. Treasury | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	0	0
Significant Unobservable Inputs (Level 3) | Obligations of U.S. Government agencies and sponsored entities
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	0	0
Significant Unobservable Inputs (Level 3) | Obligations of U.S. Government agencies and sponsored entities | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	0	0
Significant Unobservable Inputs (Level 3) | Municipal securities
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	18,257	20,123
Significant Unobservable Inputs (Level 3) | Municipal securities | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	18,257	20,123
Significant Unobservable Inputs (Level 3) | Mortgage-backed securities
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	0	0
Significant Unobservable Inputs (Level 3) | Mortgage-backed securities | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	0	0
Significant Unobservable Inputs (Level 3) | Corporate obligations | Recurring basis
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Securities available-for-sale:	$ 32	$ 43

FAIR VALUE DISCLOSURES AND RE_6

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS - Reconciliation of Activity for Assets Measured at Fair Value based on Significant Unobservable (Non-market) Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Paydowns	$ (11)	$ (55)
Purchases	0	4,189
Banks, Trust and Insurance, Equities [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance, January 1	43	235
Unrealized gain included in comprehensive income	0	38
Balance at March 31	32	218
Municipal securities
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance, January 1	20,123	20,126
Unrealized gain included in comprehensive income	(1,630)	(26)
Maturities, calls and paydowns	(236)	(4,185)
Balance at March 31	$ 18,257	$ 20,104

FAIR VALUE DISCLOSURES AND RE_7

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS - Quantitative Information About Recurring Level 3 Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Trust Preferred Securities
Quantitative Information About Recurring Fair Value Measurements [Line Items]
Fair Value	$ 32		$ 43
Range of Inputs, Minimum	4.25%	2.35%
Range of Inputs, Maximum	4.72%	2.47%
Municipal securities
Quantitative Information About Recurring Fair Value Measurements [Line Items]
Fair Value	$ 18,257		$ 20,123
Range of Inputs, Minimum	2%	0.50%
Range of Inputs, Maximum	3.90%	1.90%

FAIR VALUE DISCLOSURES AND RE_8

FAIR VALUE DISCLOSURES AND REPORTING, THE FAIR VALUE OPTION AND FAIR VALUE MEASUREMENTS - Fair Value of Assets Measured on Nonrecurring Basis (Details) - Fair Value, Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Collateral dependent loans
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 2,011	$ 3,564
Other real estate owned
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	1,985	2,565
Quoted Prices (Level 1) | Collateral dependent loans
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	0	0
Quoted Prices (Level 1) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	0	0
Significant Other Observable Inputs (Level 2) | Collateral dependent loans
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	0	0
Significant Other Observable Inputs (Level 2) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	0	0
Significant Unobservable Inputs (Level 3) | Collateral dependent loans
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	2,011	3,564
Significant Unobservable Inputs (Level 3) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 1,985	$ 2,565

SECURITIES - Summary of Amortiz

SECURITIES - Summary of Amortized Cost and Fair Value of Available-For-Sale Securities and Held-To-Maturity Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Available-for-sale securities:
Amortized Cost	$ 1,638,341	$ 1,741,153
Gross Unrealized Gains	1,413	21,775
Gross Unrealized Losses	150,507	11,096
Securities available-for-sale:	1,489,247	1,751,832
Held-to-maturity:
Securities held to maturity, net of allowance for credit losses of $0 (fair value: $561,333 - 2022; $0 - 2021)	593,154	0
Gross Unrealized Gains	228
Gross Unrealized Losses	32,049
Estimated Fair Value	561,333	0
U.S. Treasury
Available-for-sale securities:
Amortized Cost	135,820	135,889
Gross Unrealized Gains	0	83
Gross Unrealized Losses	8,979	814
Securities available-for-sale:	126,841	135,158
Held-to-maturity:
Securities held to maturity, net of allowance for credit losses of $0 (fair value: $561,333 - 2022; $0 - 2021)	109,527
Gross Unrealized Gains	0
Gross Unrealized Losses	3,403
Estimated Fair Value	106,124
Obligations of U.S. government agencies and sponsored entities
Available-for-sale securities:
Amortized Cost	172,020	182,877
Gross Unrealized Gains	16	1,238
Gross Unrealized Losses	13,375	1,094
Securities available-for-sale:	158,660	183,021
Held-to-maturity:
Securities held to maturity, net of allowance for credit losses of $0 (fair value: $561,333 - 2022; $0 - 2021)	33,127
Gross Unrealized Gains	0
Gross Unrealized Losses	489
Estimated Fair Value	32,638
Tax-exempt and taxable obligations of states and municipal subdivisions
Available-for-sale securities:
Amortized Cost	671,353	698,861
Gross Unrealized Gains	1,126	12,452
Gross Unrealized Losses	80,661	2,811
Securities available-for-sale:	591,818	708,502
Held-to-maturity:
Securities held to maturity, net of allowance for credit losses of $0 (fair value: $561,333 - 2022; $0 - 2021)	146,958
Gross Unrealized Gains	162
Gross Unrealized Losses	11,576
Estimated Fair Value	135,544
Mortgage-backed securities - residential
Available-for-sale securities:
Amortized Cost	368,957	410,269
Gross Unrealized Gains	71	4,123
Gross Unrealized Losses	29,201	3,425
Securities available-for-sale:	339,827	410,967
Held-to-maturity:
Securities held to maturity, net of allowance for credit losses of $0 (fair value: $561,333 - 2022; $0 - 2021)	163,453
Gross Unrealized Gains	0
Gross Unrealized Losses	10,139
Estimated Fair Value	153,314
Mortgage-backed securities - commercial
Available-for-sale securities:
Amortized Cost	251,865	277,353
Gross Unrealized Gains	118	2,917
Gross Unrealized Losses	17,176	2,939
Securities available-for-sale:	234,807	277,331
Held-to-maturity:
Securities held to maturity, net of allowance for credit losses of $0 (fair value: $561,333 - 2022; $0 - 2021)	130,089
Gross Unrealized Gains	66
Gross Unrealized Losses	5,793
Estimated Fair Value	124,362
Corporate obligations
Available-for-sale securities:
Amortized Cost	38,326	35,904
Gross Unrealized Gains	83	962
Gross Unrealized Losses	1,115	13
Securities available-for-sale:	37,294	$ 36,853
Held-to-maturity:
Securities held to maturity, net of allowance for credit losses of $0 (fair value: $561,333 - 2022; $0 - 2021)	10,000
Gross Unrealized Gains	0
Gross Unrealized Losses	649
Estimated Fair Value	$ 9,351

SECURITIES - Narrative (Details

SECURITIES - Narrative (Details)	3 Months Ended
	Jun. 30, 2022 USD ($) security	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) security
Debt and Equity Securities, FV-NI [Line Items]
Accrued interest receivable	$ 7,200,000		$ 6,800,000
Held to maturity, credit loss exposure	391,000
Amount of reserve recorded	0
Accrued interest receivable of held-to-maturity securities	2,000,000		0
Held-to-maturity, excluding accrued interest, nonaccrual	0
Carrying value of securities pledged to public deposits	$ 1,075,000,000		$ 889,500,000
Number of securities in the portfolio that were in an unrealized loss position | security	1,237		304
Provision for credit losses	$ 0	$ 0
AFS Securities
Debt and Equity Securities, FV-NI [Line Items]
Credit loss recognized	0	$ 0
Financial Asset, Not Past Due
Debt and Equity Securities, FV-NI [Line Items]
Current Loans	0		$ 0
Securities held to maturity past due 30 days	$ 0

SECURITIES - Credit Quality Ind

SECURITIES - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	$ 593,154	$ 0
A2
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	1,419
Aa1/Aa2/Aa3
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	19,711
Aaa
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	446,055
Not rated
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	$ 125,969

SECURITIES - Amortized Cost and

SECURITIES - Amortized Cost and Fair Value of Debt Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Available-for-Sale, Amortized Cost
Due less than one year	$ 27,963
Due after one year through five years	269,064
Due after five years through ten years	387,471
Due greater than ten years	333,021
Mortgage-backed securities - residential	368,957
Mortgage-backed securities - commercial	251,865
Total	1,638,341
Available-for-Sale, Fair Value
Due less than one year	27,852
Due after one year through five years	257,549
Due after five years through ten years	350,647
Due greater than ten years	278,565
Mortgage-backed securities - residential	339,827
Mortgage-backed securities - commercial	234,807
Total	1,489,247
Held-to-maturity, Amortized Cost
Due less than one year	20,798
Due after one year through five years	109,904
Due after five years through ten years	35,543
Due greater than ten years	133,367
Mortgage-backed securities - residential	163,453
Mortgage-backed securities - commercial	130,089
Total	593,154
Held-to-maturity, Estimated Fair Value
Due less than one year	20,545
Due after one year through five years	106,351
Due after five years through ten years	33,601
Due greater than ten years	123,160
Mortgage-backed securities - residential	153,314
Mortgage-backed securities - commercial	124,362
Total	$ 561,333	$ 0

SECURITIES - Summary of Availab

SECURITIES - Summary of Available-For-Sale Securities With Unrealized and Unrecognized Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Fair value, Less than 12 Months	$ 1,263,342	$ 966,502
Fair Value, 12 Months or Longer	127,652	20,938
Fair Value, Total	1,390,994	987,440
Unrealized Losses, Less than 12 Months	131,975	10,511
Unrealized Losses, 12 Months or Longer	18,532	585
Unrealized Losses, Total	150,507	11,096
Fair Value, Held-to-maturity, Less than 12 Months	507,957
Fair Value, Held-to-maturity, 12 Months or Longer	0
Fair Value, Held-to-maturity, Total	507,957
Unrealized Losses, Held-to-maturity, Less than 12 Months	32,049
Unrealized Losses, Held-to-maturity, 12 Months or Longer	0
Unrealized Losses, Held-to-maturity, Total	32,049
U.S. Treasury
Debt and Equity Securities, FV-NI [Line Items]
Fair value, Less than 12 Months	124,260	130,098
Fair Value, 12 Months or Longer	2,582	0
Fair Value, Total	126,842	130,098
Unrealized Losses, Less than 12 Months	8,794	814
Unrealized Losses, 12 Months or Longer	185	0
Unrealized Losses, Total	8,979	814
Fair Value, Held-to-maturity, Less than 12 Months	106,124
Fair Value, Held-to-maturity, 12 Months or Longer	0
Fair Value, Held-to-maturity, Total	106,124
Unrealized Losses, Held-to-maturity, Less than 12 Months	3,403
Unrealized Losses, Held-to-maturity, 12 Months or Longer	0
Unrealized Losses, Held-to-maturity, Total	3,403
Obligations of U.S. government agencies and sponsored entities
Debt and Equity Securities, FV-NI [Line Items]
Fair value, Less than 12 Months	152,689	121,402
Fair Value, 12 Months or Longer	4,503	5,254
Fair Value, Total	157,192	126,656
Unrealized Losses, Less than 12 Months	12,837	933
Unrealized Losses, 12 Months or Longer	538	161
Unrealized Losses, Total	13,375	1,094
Fair Value, Held-to-maturity, Less than 12 Months	32,638
Fair Value, Held-to-maturity, 12 Months or Longer	0
Fair Value, Held-to-maturity, Total	32,638
Unrealized Losses, Held-to-maturity, Less than 12 Months	489
Unrealized Losses, Held-to-maturity, 12 Months or Longer	0
Unrealized Losses, Held-to-maturity, Total	489
Tax-exempt and taxable obligations of states and municipal subdivisions
Debt and Equity Securities, FV-NI [Line Items]
Fair value, Less than 12 Months	477,118	249,430
Fair Value, 12 Months or Longer	58,393	3,692
Fair Value, Total	535,511	253,122
Unrealized Losses, Less than 12 Months	70,673	2,692
Unrealized Losses, 12 Months or Longer	9,988	119
Unrealized Losses, Total	80,661	2,811
Fair Value, Held-to-maturity, Less than 12 Months	86,881
Fair Value, Held-to-maturity, 12 Months or Longer	0
Fair Value, Held-to-maturity, Total	86,881
Unrealized Losses, Held-to-maturity, Less than 12 Months	11,576
Unrealized Losses, Held-to-maturity, 12 Months or Longer	0
Unrealized Losses, Held-to-maturity, Total	11,576
Mortgage-backed securities - residential
Debt and Equity Securities, FV-NI [Line Items]
Fair value, Less than 12 Months	299,279	284,183
Fair Value, 12 Months or Longer	31,500	8,912
Fair Value, Total	330,779	293,095
Unrealized Losses, Less than 12 Months	24,606	3,228
Unrealized Losses, 12 Months or Longer	4,595	197
Unrealized Losses, Total	29,201	3,425
Fair Value, Held-to-maturity, Less than 12 Months	153,314
Fair Value, Held-to-maturity, 12 Months or Longer	0
Fair Value, Held-to-maturity, Total	153,314
Unrealized Losses, Held-to-maturity, Less than 12 Months	10,139
Unrealized Losses, Held-to-maturity, 12 Months or Longer	0
Unrealized Losses, Held-to-maturity, Total	10,139
Mortgage-backed securities - commercial
Debt and Equity Securities, FV-NI [Line Items]
Fair value, Less than 12 Months	182,312	174,697
Fair Value, 12 Months or Longer	30,647	3,038
Fair Value, Total	212,959	177,735
Unrealized Losses, Less than 12 Months	13,954	2,836
Unrealized Losses, 12 Months or Longer	3,222	103
Unrealized Losses, Total	17,176	2,939
Fair Value, Held-to-maturity, Less than 12 Months	119,649
Fair Value, Held-to-maturity, 12 Months or Longer	0
Fair Value, Held-to-maturity, Total	119,649
Unrealized Losses, Held-to-maturity, Less than 12 Months	5,793
Unrealized Losses, Held-to-maturity, 12 Months or Longer	0
Unrealized Losses, Held-to-maturity, Total	5,793
Corporate obligations
Debt and Equity Securities, FV-NI [Line Items]
Fair value, Less than 12 Months	27,684	6,692
Fair Value, 12 Months or Longer	27	42
Fair Value, Total	27,711	6,734
Unrealized Losses, Less than 12 Months	1,111	8
Unrealized Losses, 12 Months or Longer	4	5
Unrealized Losses, Total	1,115	$ 13
Fair Value, Held-to-maturity, Less than 12 Months	9,351
Fair Value, Held-to-maturity, 12 Months or Longer	0
Fair Value, Held-to-maturity, Total	9,351
Unrealized Losses, Held-to-maturity, Less than 12 Months	649
Unrealized Losses, Held-to-maturity, 12 Months or Longer	0
Unrealized Losses, Held-to-maturity, Total	$ 649

LOANS - Composition of Loan Por

LOANS - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Loans held for sale
Total LHFS	$ 6,703		$ 7,678
Loans held for investment
Loans held for investment	3,124,924		2,959,553
Less allowance for credit losses	(32,400)	$ (31,620)	(30,742)	$ (32,457)	$ (32,663)	$ (35,820)
Net LHFI	3,092,524		2,928,811
Mortgage loans held for sale
Loans held for sale
Total LHFS	6,703		7,678
Commercial, financial and agriculture
Loans held for investment
Loans held for investment	402,619		397,516
Less allowance for credit losses	(4,511)	(4,874)	(4,873)	(3,910)	(4,158)	(6,214)
Commercial real estate
Loans held for investment
Loans held for investment	1,810,204		1,683,698
Less allowance for credit losses	(18,668)	(17,773)	(17,552)	(17,573)	(17,578)	(24,319)
Consumer real estate
Loans held for investment
Loans held for investment	871,051		838,654
Less allowance for credit losses	(8,752)	(8,492)	(7,889)	(10,339)	(10,280)	(4,736)
Consumer installment
Loans held for investment
Loans held for investment	41,050		39,685
Less allowance for credit losses	$ (469)	$ (481)	$ (428)	$ (635)	$ (647)	$ (551)

LOANS - Summary of Loans Classi

LOANS - Summary of Loans Classified as Past Due in Excess of Thirty Days or More and Loans Classified as Non-Accrual (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	$ 3,732	$ 2,960
Past Due 90 Days or More and Still Accruing	527	45
Nonaccrual	21,000	23,418
PCD	2,678	4,595
Total Past Due, Nonaccrual and PCD	27,937	31,018
Loans held for investment	3,124,924	2,959,553
Nonaccrual and PCD with No ACL	1,795	3,149
PPP Loans	6,300	41,100
Commercial, financial and agriculture
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	207	246
Past Due 90 Days or More and Still Accruing	527	0
Nonaccrual	335	190
PCD	0	0
Total Past Due, Nonaccrual and PCD	1,069	436
Loans held for investment	402,619	397,516
Nonaccrual and PCD with No ACL	218	0
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	1,894	453
Past Due 90 Days or More and Still Accruing	0	0
Nonaccrual	17,733	19,445
PCD	1,402	2,082
Total Past Due, Nonaccrual and PCD	21,029	21,980
Loans held for investment	1,810,204	1,683,698
Nonaccrual and PCD with No ACL	1,487	1,661
Consumer real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	1,437	2,140
Past Due 90 Days or More and Still Accruing	0	45
Nonaccrual	2,928	3,776
PCD	1,276	2,512
Total Past Due, Nonaccrual and PCD	5,641	8,473
Loans held for investment	871,051	838,654
Nonaccrual and PCD with No ACL	90	1,488
Consumer installment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	194	121
Past Due 90 Days or More and Still Accruing	0	0
Nonaccrual	4	7
PCD	0	1
Total Past Due, Nonaccrual and PCD	198	129
Loans held for investment	41,050	39,685
Nonaccrual and PCD with No ACL	$ 0	$ 0

LOANS - Detail of Troubled Debt

LOANS - Detail of Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($) loan	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($) loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	1	3	1	3
Outstanding Recorded Investment Pre-Modification	$ 15	$ 291	$ 15	$ 291
Outstanding Recorded Investment Post-Modification	15	281	15	281
Period increase (decrease), ACL	0	21
TDR charge-offs	$ 0	$ 0	$ 0	$ 0
Commercial, financial and agriculture
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan	1		1
Outstanding Recorded Investment Pre-Modification	$ 15		$ 15
Outstanding Recorded Investment Post-Modification	$ 15		$ 15
Commercial real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan		2		2
Outstanding Recorded Investment Pre-Modification		$ 237		$ 237
Outstanding Recorded Investment Post-Modification		$ 237		$ 237
Consumer real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | loan		1		1
Outstanding Recorded Investment Pre-Modification		$ 54		$ 54
Outstanding Recorded Investment Post-Modification		$ 44		$ 44

LOANS - Summary of Loans Modifi

LOANS - Summary of Loans Modified as TDRs for Which There Was a Payment Default Within Twelve Months Following the Modification (Details) - Trouble debt restructuring $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($) loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans | loan	6	4
Recorded Investment | $	$ 4,695	$ 1,071
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans | loan	3	3
Recorded Investment | $	$ 4,562	$ 1,027
Consumer real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans | loan	3	1
Recorded Investment | $	$ 133	$ 44

LOANS - Modifications of Loans

LOANS - Modifications of Loans Performing (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans held for investment	$ 3,124,924	$ 2,959,553
Past Due 90 Days or More and Still Accruing	527	45
Nonaccrual	21,000	23,418
Total	21,144	24,200
Financing receivable, total	3,800
Commercial, financial and agriculture
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans held for investment	402,619	397,516
Past Due 90 Days or More and Still Accruing	527	0
Nonaccrual	335	190
Total	79
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans held for investment	1,810,204	1,683,698
Past Due 90 Days or More and Still Accruing	0	0
Nonaccrual	17,733	19,445
Total	18,991
Consumer real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans held for investment	871,051	838,654
Past Due 90 Days or More and Still Accruing	0	45
Nonaccrual	2,928	3,776
Total	2,059
Consumer installment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans held for investment	41,050	39,685
Past Due 90 Days or More and Still Accruing	0	0
Nonaccrual	4	7
Total	15
Financial Asset, Not Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable allowance for credit losses current	53	90
Financial Asset, Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	16,816	18,938
Financing receivable allowance for credit losses current nonaccrual status	3,778	4,217
Financial Asset, Past Due | Commercial, financial and agriculture
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	65	107
Financial Asset, Past Due | Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	15,849	16,858
Financial Asset, Past Due | Consumer real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	902	1,973
Financial Asset, Past Due | Consumer installment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual	0	0
TDRs
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans held for investment		24,158
Financing receivable, total	3,831	4,307
TDRs | Commercial, financial and agriculture
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans held for investment		170
TDRs | Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans held for investment		20,225
TDRs | Consumer real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans held for investment		3,745
TDRs | Consumer installment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans held for investment		18
TDRs | Financial Asset, Not Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans held for investment	4,329	5,220
TDRs | Financial Asset, Not Past Due | Commercial, financial and agriculture
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans held for investment	15	63
TDRs | Financial Asset, Not Past Due | Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans held for investment	3,142	3,367
TDRs | Financial Asset, Not Past Due | Consumer real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans held for investment	1,157	1,772
TDRs | Financial Asset, Not Past Due | Consumer installment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans held for investment	15	18
TDRs | Financial Asset, Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30-89	0	0
Past Due 90 Days or More and Still Accruing	0	0
TDRs | Financial Asset, Past Due | Commercial, financial and agriculture
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30-89	0	0
Past Due 90 Days or More and Still Accruing	0	0
TDRs | Financial Asset, Past Due | Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30-89	0	0
Past Due 90 Days or More and Still Accruing	0	0
TDRs | Financial Asset, Past Due | Consumer real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30-89	0	0
Past Due 90 Days or More and Still Accruing	0	0
TDRs | Financial Asset, Past Due | Consumer installment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30-89	0	0
Past Due 90 Days or More and Still Accruing	$ 0	$ 0

LOANS - Collateral Dependent Lo

LOANS - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis, collateral dependent loans	$ 2,017	$ 3,570
Commercial, financial and agriculture
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis, collateral dependent loans	218
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis, collateral dependent loans	1,487	1,712
Consumer real estate
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis, collateral dependent loans	312	1,858
Real Property
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis, collateral dependent loans	1,799	3,570
Real Property | Commercial, financial and agriculture
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis, collateral dependent loans	0
Real Property | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis, collateral dependent loans	1,487	1,712
Real Property | Consumer real estate
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis, collateral dependent loans	312	$ 1,858
Equipment
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis, collateral dependent loans	218
Equipment | Commercial, financial and agriculture
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis, collateral dependent loans	218
Equipment | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis, collateral dependent loans	0
Equipment | Consumer real estate
Financing Receivable, Recorded Investment [Line Items]
Amortized cost basis, collateral dependent loans	$ 0

LOANS - Amortized Cost Basis of

LOANS - Amortized Cost Basis of Loans by Credit Quality Indicator and Class of Loans Based on the Most Recent Analysis Performed (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Year one	$ 517,093	$ 822,076
Year two	780,874	553,259
Year three	482,304	342,842
Year four	296,901	336,454
Year five	277,971	234,870
More than five years	663,924	566,100
Revolving Loans	105,856	103,952
Loans held for investment	3,124,924	2,959,553
Commercial, financial and agriculture
Financing Receivable, Recorded Investment [Line Items]
Year one	78,126	152,798
Year two	118,472	60,361
Year three	50,816	54,949
Year four	46,808	54,262
Year five	46,632	22,924
More than five years	61,698	52,044
Revolving Loans	66	178
Loans held for investment	402,619	397,516
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Year one	288,699	407,514
Year two	424,204	318,736
Year three	288,874	211,592
Year four	189,995	210,166
Year five	172,284	155,827
More than five years	446,149	379,863
Revolving Loans	0	0
Loans held for investment	1,810,204	1,683,698
Consumer real estate
Financing Receivable, Recorded Investment [Line Items]
Year one	139,292	243,784
Year two	225,023	164,891
Year three	135,978	72,076
Year four	57,201	70,376
Year five	58,053	55,022
More than five years	154,215	132,428
Revolving Loans	101,287	100,077
Loans held for investment	871,051	838,654
Consumer installment
Financing Receivable, Recorded Investment [Line Items]
Year one	10,976	17,980
Year two	13,175	9,271
Year three	6,636	4,225
Year four	2,897	1,650
Year five	1,001	1,097
More than five years	1,863	1,765
Revolving Loans	4,502	3,697
Loans held for investment	41,050	39,685
Pass
Financing Receivable, Recorded Investment [Line Items]
Year one	516,984	816,402
Year two	774,123	546,998
Year three	476,613	335,368
Year four	291,654	294,516
Year five	252,050	209,393
More than five years	603,170	499,357
Revolving Loans	104,438	102,319
Loans held for investment	3,019,031	2,804,353
Pass | Commercial, financial and agriculture
Financing Receivable, Recorded Investment [Line Items]
Year one	78,092	152,798
Year two	118,432	60,106
Year three	50,598	52,802
Year four	46,425	47,988
Year five	46,582	22,083
More than five years	60,811	43,773
Revolving Loans	66	178
Loans held for investment	401,006	379,728
Pass | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Year one	288,699	402,284
Year two	417,922	313,288
Year three	283,843	207,879
Year four	185,986	177,943
Year five	149,012	134,234
More than five years	396,464	332,588
Revolving Loans	0	0
Loans held for investment	1,721,925	1,568,216
Pass | Consumer real estate
Financing Receivable, Recorded Investment [Line Items]
Year one	139,239	243,340
Year two	224,599	164,359
Year three	135,559	70,465
Year four	56,347	66,940
Year five	55,459	51,988
More than five years	144,043	121,238
Revolving Loans	99,869	98,444
Loans held for investment	855,114	816,774
Pass | Consumer installment
Financing Receivable, Recorded Investment [Line Items]
Year one	10,954	17,980
Year two	13,170	9,245
Year three	6,613	4,222
Year four	2,895	1,645
Year five	998	1,088
More than five years	1,853	1,758
Revolving Loans	4,502	3,697
Loans held for investment	40,986	39,635
Special mention
Financing Receivable, Recorded Investment [Line Items]
Year one	0	1,326
Year two	1,309	2,514
Year three	2,488	2,862
Year four	2,261	15,192
Year five	6,937	5,007
More than five years	17,333	17,497
Revolving Loans	0	0
Loans held for investment	30,328	44,398
Special mention | Commercial, financial and agriculture
Financing Receivable, Recorded Investment [Line Items]
Year one	0	0
Year two	0	255
Year three	218	749
Year four	336	90
Year five	0	481
More than five years	416	29
Revolving Loans	0	0
Loans held for investment	970	1,604
Special mention | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Year one	0	1,326
Year two	1,309	2,259
Year three	2,269	1,782
Year four	1,725	15,076
Year five	6,911	2,779
More than five years	13,889	15,519
Revolving Loans	0	0
Loans held for investment	26,104	38,741
Special mention | Consumer real estate
Financing Receivable, Recorded Investment [Line Items]
Year one	0	0
Year two	0	0
Year three	0	331
Year four	201	26
Year five	26	1,746
More than five years	3,028	1,949
Revolving Loans	0	0
Loans held for investment	3,254	4,052
Special mention | Consumer installment
Financing Receivable, Recorded Investment [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	1
More than five years	0	0
Revolving Loans	0	0
Loans held for investment	0	1
Substandard
Financing Receivable, Recorded Investment [Line Items]
Year one	109	4,348
Year two	5,441	3,747
Year three	3,204	4,612
Year four	2,986	26,746
Year five	18,984	20,470
More than five years	42,746	49,246
Revolving Loans	1,418	1,633
Loans held for investment	74,890	110,802
Substandard | Commercial, financial and agriculture
Financing Receivable, Recorded Investment [Line Items]
Year one	35	0
Year two	40	0
Year three	0	1,398
Year four	47	6,184
Year five	50	360
More than five years	471	8,242
Revolving Loans	0	0
Loans held for investment	643	16,184
Substandard | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Year one	0	3,904
Year two	4,973	3,189
Year three	2,761	1,931
Year four	2,284	17,147
Year five	16,362	18,814
More than five years	35,121	31,756
Revolving Loans	0	0
Loans held for investment	61,501	76,741
Substandard | Consumer real estate
Financing Receivable, Recorded Investment [Line Items]
Year one	53	444
Year two	424	532
Year three	420	1,280
Year four	653	3,410
Year five	2,569	1,288
More than five years	7,145	9,241
Revolving Loans	1,418	1,633
Loans held for investment	12,683	17,828
Substandard | Consumer installment
Financing Receivable, Recorded Investment [Line Items]
Year one	22	0
Year two	4	26
Year three	23	3
Year four	2	5
Year five	3	8
More than five years	9	7
Revolving Loans	0	0
Loans held for investment	63	49
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	0
More than five years	675	0
Revolving Loans	0	0
Loans held for investment	675	0
Doubtful | Commercial, financial and agriculture
Financing Receivable, Recorded Investment [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	0
More than five years	0	0
Revolving Loans	0	0
Loans held for investment	0	0
Doubtful | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	0
More than five years	675	0
Revolving Loans	0	0
Loans held for investment	675	0
Doubtful | Consumer real estate
Financing Receivable, Recorded Investment [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	0
More than five years	0	0
Revolving Loans	0	0
Loans held for investment	0	0
Doubtful | Consumer installment
Financing Receivable, Recorded Investment [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	0
More than five years	0	0
Revolving Loans	0	0
Loans held for investment	$ 0	$ 0

LOANS - Activity in Allowance f

LOANS - Activity in Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Allowance for loan losses:
Beginning balance	$ 31,620	$ 32,663	$ 30,742	$ 35,820
Impact of ASC 326 adoption on non-PCD loans				(718)
Impact of ASC 326 adoption on PCD loans				1,115
Provision for credit loss	450	0	450	0
Loans charged-off	(426)	(888)	(657)	(5,011)
Recoveries	756	682	1,865	1,251
Total ending allowance balance	32,400	32,457	32,400	32,457
Commercial, financial and agriculture
Allowance for loan losses:
Beginning balance	4,874	4,158	4,873	6,214
Impact of ASC 326 adoption on non-PCD loans				(1,319)
Impact of ASC 326 adoption on PCD loans				166
Provision for credit loss	(313)	0	(313)	0
Loans charged-off	(94)	(490)	(146)	(1,476)
Recoveries	44	242	97	325
Total ending allowance balance	4,511	3,910	4,511	3,910
Commercial real estate
Allowance for loan losses:
Beginning balance	17,773	17,578	17,552	24,319
Impact of ASC 326 adoption on non-PCD loans				(4,607)
Impact of ASC 326 adoption on PCD loans				575
Provision for credit loss	629	0	629	0
Loans charged-off	(24)	(166)	(27)	(3,007)
Recoveries	290	161	514	293
Total ending allowance balance	18,668	17,573	18,668	17,573
Consumer real estate
Allowance for loan losses:
Beginning balance	8,492	10,280	7,889	4,736
Impact of ASC 326 adoption on non-PCD loans				5,257
Impact of ASC 326 adoption on PCD loans				372
Provision for credit loss	62	0	62	0
Loans charged-off	(140)	(124)	(147)	(263)
Recoveries	338	183	948	237
Total ending allowance balance	8,752	10,339	8,752	10,339
Consumer installment
Allowance for loan losses:
Beginning balance	481	647	428	551
Impact of ASC 326 adoption on non-PCD loans				(49)
Impact of ASC 326 adoption on PCD loans				2
Provision for credit loss	72	0	72	0
Loans charged-off	(168)	(108)	(337)	(265)
Recoveries	84	96	306	396
Total ending allowance balance	$ 469	$ 635	$ 469	$ 635

LOANS - Loans and Allowance for

LOANS - Loans and Allowance for Loan Losses, Broken Down by Portfolio Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
LHFI	$ 3,124,924		$ 2,959,553
Allowance for Credit Losses	32,400	$ 31,620	30,742	$ 32,457	$ 32,663	$ 35,820
Commercial, financial and agriculture
Accounts, Notes, Loans and Financing Receivable [Line Items]
LHFI	402,619		397,516
Allowance for Credit Losses	4,511	4,874	4,873	3,910	4,158	6,214
Consumer real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
LHFI	871,051		838,654
Allowance for Credit Losses	8,752	8,492	7,889	10,339	10,280	4,736
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
LHFI	1,810,204		1,683,698
Allowance for Credit Losses	18,668	17,773	17,552	17,573	17,578	24,319
Consumer installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
LHFI	41,050		39,685
Allowance for Credit Losses	469	$ 481	428	$ 635	$ 647	$ 551
Individually evaluated
Accounts, Notes, Loans and Financing Receivable [Line Items]
LHFI	2,017		3,570
Allowance for Credit Losses	6		6
Individually evaluated | Commercial, financial and agriculture
Accounts, Notes, Loans and Financing Receivable [Line Items]
LHFI	218		0
Allowance for Credit Losses	0		0
Individually evaluated | Consumer real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
LHFI	312		1,858
Allowance for Credit Losses	6		2
Individually evaluated | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
LHFI	1,487		1,712
Allowance for Credit Losses	0		4
Individually evaluated | Consumer installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
LHFI	0		0
Allowance for Credit Losses	0		0
Collectively evaluated
Accounts, Notes, Loans and Financing Receivable [Line Items]
LHFI	3,122,907		2,955,983
Allowance for Credit Losses	32,394		30,736
Collectively evaluated | Commercial, financial and agriculture
Accounts, Notes, Loans and Financing Receivable [Line Items]
LHFI	402,401		397,516
Allowance for Credit Losses	4,511		4,873
Collectively evaluated | Consumer real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
LHFI	870,739		836,796
Allowance for Credit Losses	8,746		7,887
Collectively evaluated | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
LHFI	1,808,717		1,681,986
Allowance for Credit Losses	18,668		17,548
Collectively evaluated | Consumer installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
LHFI	41,050		39,685
Allowance for Credit Losses	$ 469		$ 428

LOANS - Narrative (Details)

LOANS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, accrued interest, before allowance for credit loss	$ 15,300		$ 15,300
Accrued interest receivable for LHFI totaled with no related ACL					$ 16,400
Amortized cost, PCD loans	6,200		6,200		8,600
PCD loans, estimated ACL	584		584		855
Total	21,144		21,144		24,200
Additional amount committed on TDR loans	0		0
TDRs allowance for loan losses					4,300
Period increase (decrease) in allowance			0	$ 21
Loans charged-off	426	$ 888	657	5,011
Total loans, other financial institutions	148,600		148,600		118,400
Loans sold to other financial institutions.	62,400		62,400		77,800
Loans purchased	86,200		$ 86,200		40,600
LGD Rate			15%
Threshold default percentage			1%
Provision for credit loss	450	0	$ 450	0
Recoveries	756	$ 682	1,865	1,251
PPP Loans	$ 6,300		6,300		$ 41,100
Trouble debt restructuring
Financing Receivable, Recorded Investment [Line Items]
Period increase (decrease) in allowance			1,500	238
Loans charged-off			$ 0	$ 0

COVID-19 UPDATE (Details)

COVID-19 UPDATE (Details) $ in Millions	Jun. 30, 2022 USD ($)
Unusual or Infrequent Items, or Both [Abstract]
Aggregate outstanding exposure in segments covid-19	$ 526.9

SUBSEQUENT EVENTS_OTHER (Detail

SUBSEQUENT EVENTS/OTHER (Details) - USD ($) $ in Thousands	Aug. 01, 2022	Jul. 27, 2022	Jun. 30, 2022	Dec. 31, 2021
SUBSEQUENT EVENTS
Goodwill			$ 156,942	$ 156,663
Heritage Southeast Bank [Member]
SUBSEQUENT EVENTS
Assets			1,700,000
Loans			1,100,000
Deposits			1,500,000
Beach Bancorp, Inc. ("BBI")
SUBSEQUENT EVENTS
Assets			619,300
Loans			485,500
Deposits			$ 486,100
Subsequent Event | Heritage Southeast Bank [Member]
SUBSEQUENT EVENTS
Business combination, stock converted into company stock		0.965
Purchase price		$ 207,000
Subsequent Event | Beach Bancorp, Inc. ("BBI")
SUBSEQUENT EVENTS
Business combination, stock converted into company stock	0.1711
Purchase price	$ 101,500
Common stock acquired	3,498,936
Cash	$ 1
Common shares, entitled to purchase	310,427